ON > London > East B
London, ON N6A 3K1,1079 Richmond ST
London, ON N6A 3K1,1079 Richmond ST
London, ON N6A 3K1,1079 Richmond ST
London, ON N6A 3K1,1079 Richmond ST
London, ON N6A 3K1,1079 Richmond ST
London, ON N6A 3K1,1079 Richmond ST
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Desiree King

Desiree King

+1(888) 834-8520
$ 975,000
Est. payment | /mo

5 Beds

5 Baths

Save Virtual Tour
$ 975,000
Est. payment | /mo
Save Virtual Tour

5 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East B

MLS Listing ID X12090217

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $5,647

Tax Year 2024

Property Sub-Type Triplex

Property Description

Embrace a prime investment opportunity with this captivating 3 Unit home boasting a lucrative %6.0 cap rate, strategically positioned on Richmond 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 3 units but has the potential for effortless conversion into 4 units, maximizing its income potential (R4 zoning allowance plans available upon request). The main floor unit greets you with a welcoming foyer leading to a living room with French doors, a kitchen, a comfortable bedroom, and a 3-piece bath.The second-floor unit presents an inviting living/dining area, a well-equipped kitchen, 1.5 baths, 2 bedrooms, and a screened-in porch - ideal for enjoying the "outdoors". Additionally, it offers 2 more bedrooms and a convenient 3-piece bathroom on the third floor, adding an extra touch of privacy to the living space.Downstairs, the basement unit offers a functional kitchen/living room combination, a private bedroom, and a 3-piece bath all illuminated by stylish pot lights, creating a bright and inviting living space.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.

Location

Province ON

County Middlesex

Community East B

Area Middlesex

Rooms

Family Room No

Basement Partially Finished, Full

Kitchen 3

Separate Den/Office 1

Interior

Interior Features None

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Other

Pool None

Roof Type Shingles

Lot Frontage 40.1

Lot Depth 125.5

Total Parking Spaces 6

Building

Unit Features Public Transit,Place Of Worship,Rec./Commun.Centre,School,Hospital,Library

Foundation Poured Concrete

Others

Virtual Tour https://listings.tourme.ca/sites/enrpbxn/unbranded

Listed by CENTURY 21 FIRST CANADIAN CORP
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+1(888) 834-8520

desiree@kingsdownsizing.com

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1079 Richmond ST