Embrace a prime investment opportunity with this captivating 8 bedroom home boasting a lucrative 6% cap rate, strategically positioned on Richmond St 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 8 bedrooms but has the potential for effortless conversion into separate units, maximizing its income potential. 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. Property is also located at a future rapid transit stop providing for future re-development opportunities (details available upon request).
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
2 1/2 Storey
Approx. Age:
51-99
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Depth:
80'2"24.4 m
Frontage:
26'7"8.09 m
Direction Faces:
West
Bedrooms:
6+2
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
1
Bedrooms Above Grade:
6
Bedrooms Below Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
14
Rooms Below Grade:
4
Zoning:
R2-2(9)
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete Block
Roof:
Shingles
Basement:
Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Front Yard Parking, Private Double
Parking Spaces:
2
Total Parking Spaces:
2.0
Family Room:
No
Possession Details:
Flexible
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$4,813.77 /
2024
Assessment:
$- /
-
London East
East B
Middlesex
Hospital, Library, Place Of Worship, Public Transit, School Bus Route
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Listed by CENTURY 21 FIRST CANADIAN TRUSTED HOME REALTY INC.
Data was last updated September 14, 2025 at 01:15 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$899,900
Min list price:
$529,900
Max list price:
$3,250,000
Avg days on market:
33
Min days on market:
3
Max days on market:
519
These statistics are generated based on the current listing's property type
and located in
East B. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.