50
See all 50 photos
$975,000
Est. payment /mo
6 Beds
5 Baths
New
1079 Richmond ST London, ON N6A 3K1
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision East B
MLS Listing ID X12090217
Style 2 1/2 Storey
Bedrooms 6
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
Zoning R2-2(9)
Rooms
Family Room No
Basement Partially Finished, Full
Kitchen 3
Separate Den/Office 1
Interior
Interior Features None
Cooling None
Exterior
Parking Features Other
Pool None
Roof Type Shingles
Lot Frontage 40.1
Lot Depth 125.5
Total Parking Spaces 6
Building
Foundation Poured Concrete
Others
Senior Community No
Virtual Tour https://listings.tourme.ca/sites/enrpbxn/unbranded
Listed by CENTURY 21 FIRST CANADIAN CORP