1051 Richmond ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N6A 3J7
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East B
MLS Listing ID X12316959
Style 2 1/2 Storey
Bedrooms 8
Building Age 51-99
Annual Tax Amount $4,813
Tax Year 2024
Property Sub-Type Detached
Property Description
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).
Location
Province ON
County Middlesex
Community East B
Area Middlesex
Zoning R2-2(9)
Rooms
Family Room No
Basement Finished
Kitchen 1
Separate Den/Office 2
Interior
Interior Features None
Cooling Other
Inclusions FRIDGE, STOVE, WASHER, DRYER, DISHWASHER
Exterior
Exterior Feature Year Round Living
Parking Features Front Yard Parking,Private Double
Pool None
Roof Type Shingles
Lot Frontage 26.55
Lot Depth 80.2
Total Parking Spaces 2
Building
Foundation Concrete Block
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector