224,226 & 230 Richmond Street, London | Image 1

224,226 & 230 Richmond Street

London

  • 9 bed 7 bath 3500 sqft
$1,855,855 est.*: $6,287/mo
For Sale

Added 6 months ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Size: 3500 sqft

  • Lot Size: 119.5 x 110 Feet

  • Age: 51-99 years

  • Taxes: $4,234 per year

  • Days on Site: 182 Days

  • Added: Oct 06, 2023 (6 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X7065206

  • Listed By: Exp realty

MULTI-PROPERTY MULTI-UNIT INVESTOR'S PACKAGE - 7 UNITS/DOORS & PARCEL OF LAND w/ 9-15+ ADDITIONAL UNIT DEV. POTENTIAL: This 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. These 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). 230 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. Property being sold "as is/where is"(R3-1 zoning). Planner has suggested that a 9-15 Unit building can be constructed on vacant lot (w/ 224 Richmond property).

Extras

Legal Desc.: 230 Richmond Street:PT LT 10 , SW HORTON STREET , AS IN 938912 226 Richmond Street:PT LT 10 , NW SIMCOE STREET , AS IN W43940, T/W W43940 224 Richmond Street:PT LT 10 , NW SIMCOE STREET , AS IN 857780, 938911, S/T 857780

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Size (sq ft): 3500

  • Age: 51-99

  • Area: London

  • Availability Date: Flexible

  • Assessment Amount: $459,000

  • Assessment Year: 2022

Inside

  • Bedrooms: 9

  • Bedrooms Plus: 5

  • Bathrooms: 7

  • Kitchens: 6

  • Kitchens Plus: 1

  • Rooms: 31

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Laundry Level: Main

  • Washrooms: 7

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Available

  • Telephone: Available

Building

  • Basement: Apartment

  • Basement 2: Fin W/O

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Brick

  • Exterior: Vinyl Siding

  • Elevator: N

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

  • Special Designation: Unknown

  • Retirement: N

Parking

  • Driveway: Mutual

  • Garage Spaces: 1

  • Garage Type: Detached

  • Covered Parking Spaces: 7

  • Total Parking Spaces: 8

Fees

  • Tax Year: 2022

  • Tax Legal Description: Check Extras Section for Legal Descriptions

  • Taxes: $4,234

Land

  • Cross Street: Horton St

  • Municipality District: London

  • Fronting On: East

  • Parcel Number: 083200040

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 110 Feet

  • Lot Frontage: 119.5 Feet

  • Lot Irregularities: Plot Of Land- Includ

  • Acres: < .50

  • Zoning: R3-1

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Very Walkable

  • Most errands can be accomplished on foot.
87 /100

Excellent Transit

  • Most errands can be accomplished by public transportation.
72 /100

Very Bikeable

  • Most errands can be accomplished on bike.
85 /100
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Map of 224,226 & 230 Richmond Street, London
JK-8

Wortley Road Public School

Elementary: Public
1.27 km
JK-8

Victoria Public School

Elementary: Public
1.29 km
JK-8

St Martin

Elementary: Catholic
1.05 km
JK-8

Tecumseh Public School

Elementary: Public
1.04 km
JK-8

St. John French Immersion School

Elementary: Catholic
1.08 km
K-8

Lord Roberts Public School

Elementary: Public
1.64 km
9-12

G A Wheable Secondary School

Secondary: Public
2.29 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
2.18 km
9-12

London South Collegiate Institute

Secondary: Public
1.00 km
9-12

London Central Secondary School

Secondary: Public
1.23 km
9-12

Catholic Central High School

Secondary: Catholic
1.21 km
9-12

H B Beal Secondary School

Secondary: Public
1.44 km

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762 Maitland Street, London | MLS: X8059502
For Sale
2 months ago
$1,499,999
  • 4 bath
  • 9 bed

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