Opportunity knocks with this unique property at 1057 & 1061 Richmond Street, a solidly constructed former church offering limitless potential. The building is configured into 9 larger units, which collectively contain a total of 27 rooms and 27 washrooms, making it an ideal investment for rental income, with the potential to be reconfigured into 12 units. Its location is in the heart of London's academic hub, just an eight-minute walk to the University of Western Ontario's Richmond Gate and within walking distance of Kings, Huron, and Brescia Colleges, as well as London's University Hospital. Renovations to the first and second floors and the basement are already well underway, and the property also offers ample tenant parking and an NF Zone variation for a variety of permitted uses. Taxes will be assessed upon work completion. This is a must-see opportunity to be fully appreciated-call to schedule your viewing today! All existing materials and items in the basement will be provided at a reasonable price
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Total Approx Floor Area:
5000 +
Lot Size:
<.50
Lot Depth:
124'11"38.1 m
Lot Frontage:
159'2"48.5 m
Direction Faces:
East
Bedrooms:
27
Bathrooms:
27.0
Water supply:
Municipal
Kitchens:
9
Bedrooms Above Grade:
27
Kitchens Above Grade:
9
Rooms Above Grade:
40
Zoning:
Munti Residenntial
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete, Concrete Block
Roof:
Metal
Basement:
Apartment, Partially Finished
Fireplace/Stove:
No
Garage:
Other
Garage Spaces:
11.0
Parking Features:
Private
Parking Spaces:
0
Total Parking Spaces:
11.0
Family Room:
Yes
Possession Details:
30/60 Days
Lot Irregularities:
1057 & 1061 To gether
Pool:
None
HST Applicable To Sale Price:
In Addition To
Development Charges Paid:
Partial
Taxes:
$8,887.54 /
2024
Assessment:
$- /
-
Middlesex
London East
East B
Hospital, Public Transit, School, Place Of Worship, Rec./Commun.Centre, School Bus Route
Wheelchair Access, Water Heater, Water Meter
Paved Yard
none
All existing: heating and air condition units and renovation materials in the building
Data was last updated November 15, 2025 at 05:15 PM (UTC)
Area Statistics
Listings on market:
18
Avg list price:
$1,199,900
Min list price:
$349,999
Max list price:
$2,999,999
Avg days on market:
54
Min days on market:
12
Max days on market:
355
These statistics are generated based on the current listing's property type
and located in
London East. 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.