<-- style PDP --> 1061 Richmond Street, London East - Multiplex for sale for $2,999,999
  • sold

1061 Richmond Street

London East, Ontario, N6A 3J7 - East B

$2,999,999$000000

  • Neighbourhood

    East B

  • Major Intersection

    Richmond St/Huron St

  • Listed Since: 202 day(s)

  • Last update: 142 day(s) ago

Overview

  • Property Type

    Multiplex, 2-Storey

  • Bedrooms

    27

  • Bathrooms

    27

  • Basement

    Apartment + Part Fin

  • Kitchen

    9

  • Total Parking

    11 Other Garage

  • Lot Size

    159.15x124.91 (Feet)

  • Taxes

    $8,887.54 (2024)

  • Type

    Freehold

Property Description

Property description for 1061 Richmond Street, London East

Opportunity knocks with this unique property at 1057 & 1061 Richmond Street, a solidly constructed former church offering limitless potential. The building is configured into 9 larger units, which collectively contain a total of 27 rooms and 27 washrooms, making it an ideal investment for rental income, with the potential to be reconfigured into 12 units. Its location is in the heart of London's academic hub, just an eight-minute walk to the University of Western Ontario's Richmond Gate and within walking distance of Kings, Huron, and Brescia Colleges, as well as London's University Hospital. Renovations to the first and second floors and the basement are already well underway, and the property also offers ample tenant parking and an NF Zone variation for a variety of permitted uses. Taxes will be assessed upon work completion. This is a must-see opportunity to be fully appreciated-call to schedule your viewing today! All existing materials and items in the basement will be provided at a reasonable price

Listed by PROPERTY MAX REALTY INC.

  • MLS #

    X12469313

  • Sq. Ft

    5000 +

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Private

  • Garage

    Other, 11 spaces

  • Total Parking

    11

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Concrete

  • Fireplace

    N

  • Roof

    Metal

  • Foundation

    Concrete, Concrete Block

  • Elevator

    Y

  • Water View

    n/a

  • Laundry Level

    Main

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    X12469313

  • Sq. Ft

    5000 +

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Private

  • Garage

    Other, 11 spaces

  • Total Parking

    11

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Concrete

  • Fireplace

    N

  • Roof

    Metal

  • Foundation

    Concrete, Concrete Block

  • Elevator

    Y

  • Water View

    n/a

  • Laundry Level

    Main

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 1061 Richmond Street, London East

This property has been sold 8 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Estimated price

Date
Price
Change
2025-10-17
$2,801,965
---

Inventory Graph

10 9 8 7 6 5 4 3 2 1 0 7 Months of inventory SELLER'S Market BALANCED Market BUYER'S Market

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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