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)
It has been a pleasure to have you as our realtor for our recent and past home purchases and sales. You were always available for our after work schedule. Your expertise was very much appreciated and helpful . I always recommend your services when I learn that someone is selling or purchasing property.
Nancy and Fernand
Thank you to the outstanding Joyce Byrne!
You took care of everything and always kept me well informed of what was going on and the next steps in the selling of a house process. You were always within easy reach to answer any and all of my questions. You were never too busy to take the time to explain everything to me. Sometimes even several times.
Having a Home Inspection included in your services was an absolute bonus. Joyce, you are amazing, and so knowledgeable about all the intricacies about selling a house. I cannot thank you enough.
Even after the selling of the house, the information that you provided about whom to contact and when was very helpful. Thank you for adding all your personal touches to the sale. Kudos to you Joyce! You rate 5 stars and 10 out of 10 in my books. I would highly recommend you to anyone. I cannot think of a better person I would have trusted with the selling of my sister’s house.
St. Thomas ON
“We had worked with the Becketts previously so when we decided to look into an investment property, we reached out to them again. They took the time to go over different investment options with us, and helped us figure out which
type of property (and tenant) would be ideal for our specific situation.
We looked at a number of properties as a result. The Becketts always made time to work around our schedule and they happily visited all of properties we were interested in seeing (even those on the fringe of our scope). During each visit they answered all of our questions and took the time to clearly explain both the positives and negatives of each.
When it came time to put in an offer, they went above and beyond to ensure we were happy with the offer that was being presented. They went over each portion in detail and made sure the wording was clearly understood by us and communicated to the other party.
We’re very happy with the property we chose with their guidance and they (once again) made each step of the process easy and clear. Their honesty and attention to detail is refreshing. We highly recommend them to anyone considering buying or selling a home or property in Woodstock!”
Mike and Alicia
Thank you so much for your professionalism and attention to
detail on the recent sale of my home. I’m sure that that and
your sound advice in preparing the house and property for sale
were instrumental in its timely sale for a fair value. As we were
told, it was our goal to sell our house and it was your goal to
help us do that to the best of your ability. You went above and
beyond the call of duty.
You’ll have our future business and we’ll be confident in
referring you to others in the future.
Joyce suggested exactly how to market the property we had to sell to settle my father’s estate.
She promoted it so we could get an “over the asking price” result, & it worked!
The sale was quick and easy, as we were out of town Joyce managed the property for us.
Here experience really paid off!
Dawn & Dave Rigby, Georgetown Ontario