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220-230 Richmond Street, London, Ontario N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6
  • 220-230 Richmond Street, London, Ontario  N6B 2H6

220-230 Richmond Street, London, Ontario N6B 2H6

$2,000,000

Listing ID: 40254289
  • 14Bedrooms
  • 7Bathrooms
  • 8Parking Space(s)
Property Type
Building Type
Storeys
2
Title
Freehold
Land Size

Description

MULTI-PROPERTY MULTI-UNIT INVESTOR'S PACKAGE - 7 UNITS/DOORS & PARCEL OF LAND: 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; this offering has investment potential as a short or long term hold; with ample possibilities at future development. 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) before lending costs (refer to Proforma in Documents). 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. 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. 226 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). Property being sold as is/where is (currently R3-1 zoning). Adjacent properties are zoned as AC4 commercial. Existing government incentives exist to build multi-residential properties which could aid in efforts to get land rezoned to allow for more units. This oppurtunity is particularly valuable to potential developers/ builders or those looking to eventually sell for the purpose of larger builds/developments. (id:41195)

Details

Appliances Included
Park/reserve
Zoning Description

Building

Bathrooms (Partial)
Bathrooms (Total)
7
Cooling
None
Exterior Finish
Brick, Vinyl siding
Foundation Type
Poured Concrete
Heating Fuel
Hot water radiator heat
Heating Type
Forced air
Style
Water
Municipal water
Utility Sewer
Municipal sewage system
Flooring
Fireplace
Basement Development
Partial (Partially finished)
Bedrooms Above Grade
Listed by EXP REALTY, BROKERAGE

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SUTTON PREFERRED

SUTTON PREFERRED

181 COMMISSIONERS ROAD WEST, London ON N6J1X9

Office: (519) 438-2222
Fax: (519) 438-1886

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  • Recently, my partner and I have had the opportunity and pleasure to work with Joy Paul and Team Beckett to find and purchase our house. It took us 2 months and approximately 25 walk throughs to find our perfect home. The team were amazingly supportive and had the utmost patience with us, constantly giving us reassurance that the right house would come along, however discouraged we became. They sent us new prospective homes meeting the criteria we had outlined almost every day for weeks, and were always a call or text away to answer questions, book appointments, or just to discuss new needs or concerns. Their customer first attitude and overall knowledge of the industry gave us the confidence we needed in our realtor to ultimately become the owners of the house of our dreams. We hope to never leave this home, but in the future, for any real estate needs, we will definitely be calling on Team Beckett, and we recommend everyone else do the same!

    Danielle.

    Danielle

  • “My wife and I recommend Joyce and her team without reservations.

    Joyce worked closely with us over several months, helping us negotiate the purchase of anew home (presently being built) and the sale of our current home (currently being packed!).

    After we decided to work with a builder on our new home, Joyce accompanied us to meetings with the builder and kept very detailed notes that assisted with drawing up the final contract.

    After our offer was accepted and we were preparing to put our current home on the market (as well as pack for a family vacation), the builder contacted Joyce to inform her of a problem with building the home we wanted on the lot we selected-it was not going to work. We were faced with the prospect of starting our new home search from scratch, putting the brakes on listing our current home, and a rough start to our vacation. Joyce worked with the builders and a few hours later called back to present a potential solution that we were very happy with! We got the home we wanted in the development we wanted, we got to list our house, and we got to enjoy our vacation.

    As an added bonus, Joyce sold our house while we were on vacation.

    The number of ways Joyce helped us with the sale of our home are too numerous to discuss in detail, but I will list a few.

    First, Joyce showed us a number of homes in our area that had recently sold, as well as homes that were listed but had yet to sell, to assist us with establishing the price we felt reflected the value of our home.

    Second, Joyce arranged for a complimentary pre-sale home inspection, allowing ample opportunity for us to fix any noted deficiencies.

    Third, a Stager, that is affiliated with Joyce’s team visited our home and sent us a report with specific suggestions for how to organize and decorate our home to optimize the presentation of the property.

    Fourth, Joyce contacted a cleaning company for us and provided them access to our home prior to it being available for showing to prospective buyers while we were away on family vacation.

    Fifth, Joyce kept in close contact with us via email and phone while we were away on vacation, providing feedback on the open house and other showings (the house was shown about 80 times in a week). She also checked our mail for us while we were away.

    Sixth, after the sale of our home (after being on the market for about 2 weeks in total) Joyce and her team have provided a great deal of useful information to assist with the closing and our move.

    Overall, we are very happy with the professional service provided by Joyce and her team.”

    Lorne and Tara Campbell

  • I appreciated the expertise and knowledge Joyce demonstrated in selling my condo.

    She used so many means of advertising; her website, extra photos on MLS.ca and more!

    Joyce and her team followed up on every inquiry about my property and were most thorough and speedy in reporting back to me!

    Pauline Mercer

    London Ontario

    Pauline Mercer

  • Thank you Joyce for your hard work and your commitment to finding just the right property for us.

    You were always available and receptive to our needs, showing us properties as soon as they came available.  As well, your advice and recommendations were greatly appreciated.  You have a wonderful, personal touch and we are so appreciative of all you’ve done.

    Thank you, thank you, thank you!

    Warmest regards,
    Michelle Sims
    London ON

    Michelle Sims

  • I received Joyce Byrne’s name from my lawyer to handle property I had Power of Attorney for.
    Joyce was unwavering in her dedication to ensure a timely and fair transaction. She managed all of the stressful pieces and provided expert guidance and support throughout the process.
    I would definitely recommend Joyce Byrne to friends and associates and if I ever have the need for a Realtor again, Joyce would be the first person I would call.”

    Debbie Johnson
    Bayfield On

    Debbie Johnson

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220-230 Richmond Street, London, Ontario N6B 2H6
$2,000,000
40254289
Subject Take a look at this property MLS Number# 40254289

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