224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6 - Photo 1 - X8259362
Loading...

224, 226 & 230 Richmond Street
London, Ontario N6B 2H6

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:15265)

$1,855,855 For sale

MLS® Number
X8259362
Type
Business
Bedrooms
14
Bathrooms
7
Parking
7
SQ Footage
3978 sqft
Heating
Forced Air

Photo Gallery

Property Details

MLS® Number X8259362
Property Type Business
Community Name EastK
Amenities Near By Recreation, Public Transit
Parking Space Total 7

Parking

Detached Garage

Land

Acreage No
Land Amenities Recreation, Public Transit
Sewer Sanitary Sewer
Size Depth 110 Ft
Size Frontage 119 Ft
Size Irregular Unit=119.5 X 110 Ft ; Plot Of Land Portion Included With 224 Richmond St
Size Total Text Unit=119.5 X 110 Ft ; Plot Of Land Portion Included With 224 Richmond St
Zoning Description R3-1

Building

Bathroom Total 7
Bedrooms Total 14
Appliances Dishwasher, Dryer, Refrigerator, Stove, Two Washers, Two Stoves
Heating Type Forced Air
Size Interior 3978 Sqft
Utility Water Municipal Water

Location Map

Interested In Seeing This property?Get in touch with a Davids & Delaat agent

agent steve simard

Steve Simard

Sales Representative

Contact Agent
Anthony 2

Anthony Petti

Sales Representative

Contact Agent

I'm Interested In224, 226 & 230 Richmond Street

"*" indicates required fields

Consent*
This field is for validation purposes and should be left unchanged.
Menu