Your Next Move

Find a REALTOR® Find my Dream Home What’s my Home Worth?
224, 226 & 230 RICHMOND STREET London

224, 226 & 230 RICHMOND STREET, London

$1,855,855

  • 14
  • 7
3,978 Square Feet
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:58875)
  • Listing ID: X8259362
  • Property Type: Business
View Additional Photos

Schedule a Tour

Schedule a showing today, it is free, with no obligation. Cancel any time.

Make an Offer
Book a Showing
Get More Information

Talk to a Home Lifestyle Matchmaker

Use our neighbourhood guide to score the perfect match between your lifestyle and home. When ready to buy, we will put you in touch with a REALTOR® who specializes in London.

Details

  • Amenities Nearby: Recreation, Public Transit
  • Parking Spaces: 7
  • Transaction: For sale
  • Zoning Description: R3-1

Building

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove
  • Fireplace Present: False
  • Bathrooms (Total): 7
  • Heating: Forced air
  • Size Interior: 3978 sqft
  • Utility Water: Municipal water

Land

  • Amenities: Recreation, Public Transit
  • Sewer: Sanitary sewer
  • Size Depth: 110 ft
  • Size Frontage: 119 ft ,6 in
  • Size Irregular: Unit=119.5 x 110 FT ; Plot of Land Portion Included with 224 Richmond St

REALTOR® MLS®
Listing provided by EXP REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

Powered by REALTOR®
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.

Request More Information

Want more information or schedule a showing? Let us put you in touch with one of our agents who specializes in .

    Are you under contract with a real estate agent or REALTOR®?
    YesNo

    You've indicated that you are currently working with a REALTOR®. Please be advised that TRESA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

    This property for sale is located at 224, 226 & 230 RICHMOND STREET in London. It was last modified on November 16th 2024. Let us connect you with one of our real estate agents to schedule a viewing or to discover other London properties for sale.

    Terms of Use Agreement

    Terms of Use
    This website is operated by Royal LePage® Triland Realty, a brokerage who is a member of The Canadian Real Estate Association (CREA). The content on this website is owned or controlled by CREA. By accessing this website, the user agrees to be bound by these terms of use as amended from time to time, and agrees that these terms of use constitute a binding contract between the user, Royal LePage® Triland Realty, and CREA.

    Copyright
    The content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically prohibited. Prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate the content of this website.

    Trademarks
    REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

    Liability and Warranty Disclaimer
    The information contained on this website is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members, and assumes no responsibility for its completeness or accuracy.

    Amendments
    Royal LePage® Triland Realty may at any time amend these Terms of Use by updating this posting. All users of this site are bound by these amendments should they wish to continue accessing the website, and should therefore periodically visit this page to review any and all such amendments.

    AgreeDecline

    Make an Offer

      Are you under contract with a real estate agent or REALTOR®?YesNo

      You've indicated that you are currently working with a REALTOR®. Please be advised that TRESA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

      Your Offer

      Do you want to view this property first?YesNo

      Do you want to waive all conditions?YesNo

      Request an In-house Showing

        Are you under contract with a real estate agent or REALTOR®?YesNo

        You've indicated that you are currently working with a REALTOR®. Please be advised that TRESA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

        Are you a real estate agent or REALTOR®?YesNo

        You've indicated that you are a REALTOR® looking to schedule an appointment. This is not a Royal LePage® Triland Realty property and we cannot schedule showing requests. Please contact the listing agent.

        When are you available?

        Request More Information

          Are you under contract with a real estate agent or REALTOR®?
          YesNo

          You've indicated that you are currently working with a REALTOR®. Please be advised that TRESA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

          Let us find a Property to Match your Lifestyle

            Your Lifestyle Characteristics

            Are you under contract with a real estate agent or REALTOR®?

            YesNo

            You've indicated that you are currently working with a REALTOR®. Please be advised that TRESA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

            Schedule an In-house Tour

              Not already working with a REALTOR®? If you are not working with a real estate agent, you can schedule a private viewing to tour this property with one of our professionals.

              Are you under contract with a real estate agent or REALTOR®?YesNo

              You've indicated that you are currently working with a REALTOR®. Please be advised that TRESA 2002 and supporting Rules and Regulations, restricts the amount of information that we are able to provide to you as a client of another Brokerage or REALTOR®. Therefore, any further information must be sought directly from your current REALTOR®.

              Are you a real estate agent or REALTOR®?YesNo

              You've indicated that you are a REALTOR® looking to schedule an appointment. This is not a Royal LePage® Triland Realty property and we cannot schedule showing requests. Please contact the listing agent.