1051 Richmond Street London East, Ontario N6A 3J7
$1,249,000
Embrace a prime investment opportunity with this captivating 8 bedroom home boasting a lucrative 6% cap rate, strategically positioned on Richmond St 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 8 bedrooms but has the potential for effortless conversion into separate units, maximizing its income potential. 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. Property is also located at a future rapid transit stop providing for future re-development opportunities (details available upon request). (id:28006)
Property Details
| MLS® Number | X12316959 |
| Property Type | Single Family |
| Community Name | East B |
| Amenities Near By | Hospital, Place Of Worship, Public Transit |
| Community Features | School Bus |
| Parking Space Total | 2 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 6 |
| Bedrooms Below Ground | 2 |
| Bedrooms Total | 8 |
| Age | 51 To 99 Years |
| Appliances | Dishwasher, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 80 Ft ,2 In |
| Size Frontage | 26 Ft ,7 In |
| Size Irregular | 26.6 X 80.2 Ft |
| Size Total Text | 26.6 X 80.2 Ft|under 1/2 Acre |
| Zoning Description | R2-2(9) |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 3.79 m | 3.55 m | 3.79 m x 3.55 m |
| Second Level | Bedroom 2 | 3.47 m | 2.59 m | 3.47 m x 2.59 m |
| Second Level | Bedroom 3 | 3.74 m | 2.59 m | 3.74 m x 2.59 m |
| Second Level | Bedroom 4 | 3.04 m | 2.71 m | 3.04 m x 2.71 m |
| Third Level | Bedroom 5 | 4.2 m | 2.26 m | 4.2 m x 2.26 m |
| Third Level | Bedroom | 3.63 m | 3.28 m | 3.63 m x 3.28 m |
| Basement | Bedroom | 3.49 m | 3.28 m | 3.49 m x 3.28 m |
| Basement | Bedroom | 6 m | 3.25 m | 6 m x 3.25 m |
| Basement | Laundry Room | 2.33 m | 1.78 m | 2.33 m x 1.78 m |
| Main Level | Living Room | 5.94 m | 3.36 m | 5.94 m x 3.36 m |
| Main Level | Dining Room | 4.69 m | 3.42 m | 4.69 m x 3.42 m |
| Main Level | Kitchen | 3.47 m | 2.75 m | 3.47 m x 2.75 m |
| Main Level | Foyer | 2.2 m | 2.1 m | 2.2 m x 2.1 m |
https://www.realtor.ca/real-estate/28673824/1051-richmond-street-london-east-east-b-east-b
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July 31 2025 03:52:38
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