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224, 226 & 230 Richmond Street, London, Ontario N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6
  • 224, 226 & 230 Richmond Street, London, Ontario  N6B 2H6

224, 226 & 230 Richmond Street, London, Ontario N6B 2H6

$1,855,855

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 w/ 9+ ADDITIONAL UNIT DEV POTENTIAL: 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(R3-1 zoning). Adjacent properties are zoned as AC4 commercial. Planner has suggested that Nine - Fifteen Unit building can be constructed on vacant lot that is currently part of 224 Richmond property. This oppurtunity is particularly valuable to potential developers/ builders. (id:41195)

Details

Appliances Included
Zoning Description

Building

Bathrooms (Partial)
Bathrooms (Total)
7
Cooling
None
Exterior Finish
Brick, Vinyl siding
Foundation Type
Poured Concrete
Heating Fuel
Radiant 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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  • “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

  • Stepping into retirement, such a huge transition in my life from working full time in retail, but then to transition from my long standing home of over 17 years to a condominium, Blair Patton made that transition seamless for me.

    Blair was wonderful to work with, professional, honest and I felt secure in my decision with his assistance.

    At a time when the market was so fast paced, prices were extremely competitive and I knew I had found what I was looking for, Blair was able to be there for me, through the inspection right through the day when I acquired my keys.

    Blair has years of experience in the market, his attention to detail throughout the process was exceptional. His vast network of connections enabled a speedy sale of my home, getting exactly what I had hoped for and more. Blair was very organized, he continually communicated with me throughout the entire process, leaving no surprises. He always responded in a timely fashion, providing all of the answers to my concerns as a first time condo buyer.

    My experience with Blair was by far the most enjoyable, without hesitation I would highly recommend Blair to family and friends.

    Thank-you Blair for all of your efforts, I could not be happier in my new condo.

     

    Sincerely,

    Betty Hummer

    Betty Hummer

  • Once our home was sold in Brampton my agent recommended the services of Joyce Byrne to help find us a new home in London.

    The emotions involved with finding a new home in an entirely different city, 2 hours away in a very short time frame seemed impossible but Joyce Byrne’s Team made it as smooth and enjoyable as possible!

    They calmed my nerves and at the end of it all, it felt like I had made new friends.

    I will be staying in touch with Joyce Byrne’s Team to further help us with the transition of moving to London, and I know they will help with no hesitation or make me feel like I’m bothering them.

    I would highly recommend Joyce Bryne’s Team at Sutton Group Preferred.

    Thank you for helping me make London the new home for me and my family!

    Debbie Lewis
    Brampton Ontario

    Debbie Lewis

  • We weren’t entirely sure what the process would entail with selling and buying and how much work it would take, but Sheri and Team Beckett were VERY informative and you could tell right away that they had our best interests in mind. They have great knowledge, were very clear as we took each step through the process, answered emails, texts and calls very quickly, and were an asset during the offer process. We were very happy with the results and will recommend them to our friends and family in future. If we were ever going to sell or buy again they would be the first people we would call. Thank you so much Sheri and Team Beckett, for all you have done for us and for helping to purchase the perfect home for our family, we can’t thank you enough! 

    Kimberly Anderson

     

    Kimberly Anderson

  • MG, we got it! I am so excited Ty, after 9 offers we thought we would never be able to buy a house  because we were only qualified with ____________ for $650,000.

    Your patience is amazing, you never quit on us! Thank you , thank you, we owe you big time!

    Can you call me at work on Tuesday, we will need a good mover and Mike and I are thinking we should get our house painted before we list it for sale.

    Yours

    Cathereine Holosh

    Cathereine Holoshy

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224, 226 & 230 Richmond Street, London, Ontario N6B 2H6
$1,855,855
40254289
Subject Take a look at this property MLS Number# 40254289

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