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1079 Richmond Street London East, Ontario N6A 3K1

6 Bedroom 5 Bathroom 1500 - 2000 sqft
Radiant Heat

$975,000

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. (id:38414)

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Property Details

MLS® Number X12090217
Property Type Multi-family
Community Name East B
AmenitiesNearBy Public Transit, Place Of Worship, Schools, Hospital
CommunityFeatures Community Centre
ParkingSpaceTotal 6

Building

BathroomTotal 5
BedroomsAboveGround 5
BedroomsBelowGround 1
BedroomsTotal 6
BasementDevelopment Partially Finished
BasementType Full (partially Finished)
ExteriorFinish Brick, Wood
FoundationType Poured Concrete
HalfBathTotal 1
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 3
SizeInterior 1500 - 2000 Sqft
Type Triplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
LandAmenities Public Transit, Place Of Worship, Schools, Hospital
Sewer Sanitary Sewer
SizeDepth 125 Ft ,6 In
SizeFrontage 40 Ft ,1 In
SizeIrregular 40.1 X 125.5 Ft
SizeTotalText 40.1 X 125.5 Ft
ZoningDescription R2-2(9)

Rooms

Level Type Dimensions
Second Level Living Room 2.81 m x 2.95 m
Second Level Dining Room 2.81 m x 1.89 m
Second Level Kitchen 2.83 m x 3.1 m
Second Level Bedroom 3.86 m x 3.23 m
Second Level Bedroom 4.01 m x 3.23 m
Third Level Primary Bedroom 4.64 m x 5.26 m
Third Level Bedroom 4.65 m x 3.36 m
Basement Kitchen 3.91 m x 4.84 m
Basement Bedroom 3.12 m x 3.73 m
Main Level Foyer 2.64 m x 5.27 m
Main Level Living Room 3.84 m x 4.05 m
Main Level Kitchen 3.37 m x 2.81 m
Main Level Bedroom 3.84 m x 4.56 m
Main Level Foyer 2.22 m x 3.74 m

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April 23 2025 04:23:08

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