1061 Richmond Street London East, Ontario N6A 3J7
$2,999,999
This is a prime opportunity to acquire a distinctive and solidly-constructed former church at 1057 & 1061 Richmond Street, offering exceptional potential for rental income in London's high-demand academic core. The property is currently configured into nine large units, each containing three rooms and three washrooms, for a total of 27 rooms and 27 washrooms, with approved potential to reconfigure into 12 units. Ideally situated just an eight-minute walk from the University of Western Ontario and within walking distance of several affiliated colleges and the University Hospital, it guarantees a strong tenant market. Value-add renovations are already well underway on the first and second floors and the basement. Coupled with ample parking and a flexible NF zoning, this property is a must-see investment. Taxes will be reassessed upon completion of work. (id:60365)
Business
| BusinessType | Residential |
| BusinessSubType | Apartments |
Property Details
| MLS® Number | X12469394 |
| Property Type | Multi-family |
| Community Name | East A |
| AmenitiesNearBy | Public Transit, Recreation |
| ParkingSpaceTotal | 11 |
Building
| BathroomTotal | 26 |
| BedroomsTotal | 12 |
| CoolingType | Fully Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeExterior | 16000 Sqft |
| SizeInterior | 16000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit, Recreation |
| SizeDepth | 124 Ft ,10 In |
| SizeFrontage | 159 Ft ,1 In |
| SizeIrregular | Bldg=159.15 X 124.91 Ft ; 1057 & 1061 To Gether |
| SizeTotalText | Bldg=159.15 X 124.91 Ft ; 1057 & 1061 To Gether |
| ZoningDescription | Munti Residenntial |
https://www.realtor.ca/real-estate/29004959/1061-richmond-street-london-east-east-a-east-a
Mohan Subramaniyam
Broker of Record
6888 14th Avenue East
Markham, Ontario L6B 1A8
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October 17 2025 10:35:54
Toronto Real Estate Board
Property Max Realty Inc.
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