1079 Richmond Street, London East (East B) ON

About 1079 Richmond Street

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:56071). Get more information on 1079 Richmond Street

Property Features

Rental Equipment:  
Directions:  From downtown Lodon, head north on Richmond. Property will be on your left.
Zoning Description:  R2-2(9)
Interior Size:  1500 - 2000 sqft
Community Features:  Community Centre
Lot:  40.1 x 125.5 FT 40.1 x 125.5 FT
Exterior Finish:  Brick, Wood
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas /
Age: 
Foundation: Poured Concrete
Basement:  Full (Partially finished) Partially finished

Rooms & Sizes

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