Opportunity knocks with this unique property at 1057 & 1061 Richmond Street! Formerly a church, this solidly constructed building offers limitless potential for renovation. Located just an eight-minute walk to the University of Westerns Richmond Gate, its in the heart of Londons academic hub, with Kings, Huron, and Brescia Colleges, as well as Londons University Hospital, all within walking distance.Renovations to the first and second floors, as well as the basement, have already begun, and much of the work is complete. With 9 larger units (potential for 12) and a total of 27 washrooms, this property is perfect for rental income. Theres ample parking space for tenants, and the NF Zone variation allows for a variety of permitted uses. Taxes will be assessed after work completion.This is a must-see to appreciate opportunitycall to schedule your viewing today! See attached for more details. Extras include all items in the basement (36741960). **EXTRAS** All existing materials and other items on the property will be provided at a reasonable price.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
No
Total Area:
16000 sq. ft. Square Feet
Total Area:
16,000 sq. ft.1,486 m2
Depth:
124'11"38.1 m
Frontage:
159'2"48.5 m
Bedrooms:
12
Bathrooms:
26.0
Water supply:
Municipal
Kitchens:
12
Zoning:
Munti Residenntial
Heating type:
Gas Forced Air Open
Clear Height:
10'5"3.18 m
Survey Available:
No
Garage:
Outside/Surface
Parking Spaces:
11
Possession Details:
Any time
Lot Irregularities:
1057 & 1061 To gether
HST Applicable To Sale Price:
Included In
Development Charges Paid:
Partial, Yes
Type Taxes:
Annual
Taxes:
$8,887.54 /
2024
Assessment:
$- /
-
London East
East B
Middlesex
Public Transit, Recreation/Community Centre
Yes
Hot water Tank, If rental
All Material left in the building part of the sale
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