Save
Ask
Tour
Hide
Share
$1,855,855
234 Days On Site

224, 226 & 230 RICHMOND STREET
London, ON N6B2H6

For Sale|Business|Active
14
Beds
7
Full Baths
0
Partial Baths
3,978
SqFt
$467
/SqFt

Built
Subdivision:
East K
County:

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (226) 741-3895
Is this the home for you? We can help make it yours.
(226) 741-3895
224, 226 & 230 RICHMOND STREET224, 226 & 230 RICHMOND STREET224, 226 & 230 RICHMOND STREET224, 226 & 230 RICHMOND STREET
Save
Ask
Tour
Hide
Share

Mortgage Calculator

Monthly Payment (Est.)

$8,467
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

MULTI-PROPERTY MULTI-UNIT INVESTOR'S PACKAGE - 7 UNITS/DOORS & PARCEL OF LAND w/ 9+ ADDITIONAL UNIT DEV POTENTIAL:\r\n\r\nThis listing includes a three unit building and two legal duplex units, a single car garage along with a parcel of tied land (three seperate addresses; 224, 226 & 230 Richmond Street). At the mouth of downtown London on the historic Richmond Street just north of the Thames River and northeast of iconic Wortley Village; this offering has investment potential as a short or long term hold; with ample possibilities at future development. \r\n\r\nThese properties are currently fully tenanted. Present Net Operating Income (NOI) before lending costs of the seven combinded rented units is over $67,000 and at current market rents (conservative values) could be over $100,000 Net Operating Income (NOI) before lending costs (refer to Proforma in Documents). \r\n\r\n230 Richmond Street is a three unit building with three bedroom units on the main and upper levels and a two bedroom unit on the lower level. All units in this three unit building include in suite laundry and dishwashers. Main floor unit was freshly renovated in 2021. All present tenants pay their hydro expenses in this property. \r\n\r\n226 Richmond Street is a semi-detached duplex with a one bedroom upper unit and one bedroom lower unit. 224 Richmond Street is the other half the semi-detached duplex and has a two bedroom upper unit and a two bedroom lower unit. 224 Richmond Street also includes a parcel of tied land (formally three seperate addresses - 220 & 222 & 224 Richmond Street that have merged under single ownership).\r\n\r\nProperty being sold ""as is/where is""(R3-1 zoning). Adjacent properties are zoned as AC4 commercial. Planner has suggested that Nine - Fifteen Unit building can be constructed on vacant lot that is currently part of 224 Richmond property. This oppurtunity is particularly valuable to potential developers/ builders. (id:31684)

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$1,855,855
Days On Site 
234 Days
Bedrooms 
14
Inside Area (SqFt) 
3,978 sqft
Total Baths 
7
Full Baths 
7
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
X8259362
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
7 months agoStatus changed to Active
8 months agoListing first seen on site
General Features
Attached Garage 
Yes
Garage 
Yes
Parking 
Attached
Parking Spaces 
7
Property Sub Type 
Business
SqFt Total 
3978
Interior Features
Heating 
Forced Air
Save
Ask
Tour
Hide
Share
Exterior Features
Frontage 
119 ft ,6 in

Listing courtesy of: NATHAN BLANCO of EXP REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
Save
Ask
Tour
Hide
Share