5 Beds 5 Bath

1079 Richmond Street, London, ON N6A 3K1

London N6A 3K1 Ontario

MLS: X12090217

$975,000

Added 4 days ago | For Sale

Listed by: CENTURY 21 FIRST CANADIAN CORP

About Property

Embrace a prime investment opportunity with this captivating 3 Unit home boasting a lucrative %6.0 cap rate, strategically positioned on Richmond within a stone's throw to Western University, offering both convenience and potential for high returns. A quick bus trip connects you to various amenities, placing everything at your fingertips.This versatile home currently features 3 units but has the potential for effortless conversion into 4 units, maximizing its income potential (R4 zoning allowance plans available upon request). The main floor unit greets you with a welcoming foyer leading to a living room with French doors, a kitchen, a comfortable bedroom, and a 3-piece bath.The second-floor unit presents an inviting living/dining area, a well-equipped kitchen, 1.5 baths, 2 bedrooms, and a screened-in porch - ideal for enjoying the "outdoors". Additionally, it offers 2 more bedrooms and a convenient 3-piece bathroom on the third floor, adding an extra touch of privacy to the living space.Downstairs, the basement unit offers a functional kitchen/living room combination, a private bedroom, and a 3-piece bath all illuminated by stylish pot lights, creating a bright and inviting living space.Seize the opportunity to capitalize on this exceptional property, perfectly positioned near all amenities. Don't miss your chance to own this gem and unlock the full potential of this investment in a highly sought-after location.

Features

  • House Style:Triplex
  • Bathrooms:5
  • Land Size: 40.1 X 125.5
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:From downtown Lodon, head north on Richmond. Property will be on your left.
  • Basement:Partially Finished,Full , Partially Finished,Full
  • Possession Date:FLEXIBLE
  • Annual Property taxes: $5647
  • Bedrooms:5 +1
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Radiant
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12090217

Level Type Features Dimensions
Main Foyer 8 ft, 8 in x 17 ft, 3 in
Living Room 12 ft, 7 in x 13 ft, 3 in
Kitchen 11 ft, 1 in x 9 ft, 3 in
Bedroom 12 ft, 7 in x 15 ft
Foyer 7 ft, 3 in x 12 ft, 3 in
Second Living Room 9 ft, 3 in x 9 ft, 8 in
Dining Room 9 ft, 3 in x 6 ft, 2 in
Kitchen 9 ft, 3 in x 10 ft, 2 in
Bedroom 12 ft, 8 in x 10 ft, 7 in
Bedroom 13 ft, 2 in x 10 ft, 7 in
Third Primary Bedroom 15 ft, 3 in x 17 ft, 3 in
Bedroom 15 ft, 3 in x 11 ft
Basement Kitchen 12 ft, 10 in x 15 ft, 11 in
Bedroom 10 ft, 3 in x 12 ft, 3 in

No property rooms available.

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