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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

$2,000,000

Listing ID: 40254308
  • 0Bedrooms
  • 0Bathrooms
  • 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)
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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  • Dear Neera

    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

    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.

    Linda Walker
    St. Thomas ON

    Linda Walker

  • Team Beckett

    “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

    Mike & Alicia

  • Dear Neera;
    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.
    Best regards
    Sherri Evans

    Sherri Evans

  • 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

    Dawn & Dave Rigby

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220-230 Richmond Street, London, Ontario N6B 2H6
$2,000,000
40254308
Subject Take a look at this property MLS Number# 40254308

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