1073 Richmond Street, London, Ontario N6K 3K1 (22374627)


1073 Richmond Street London, Ontario N6K 3K1

8 Bedroom 2 Bathroom 2425
None Hot Water Radiator Heat Landscaped


Attention investors. Great Investment opportunity..Prime location walking distance to UWO. TURNKEY licensed student rental duplex that has been renovated top to bottom. Two 4 bedroom units rented until April 2021. Existing rent income (all rented) +/-($549. x 4 and $570.00 x 4) x 12 = $53712.00. Based on current average rents for A1 investment properties potential increase of up to 5% for new tenants in 2021. Rents include heat. Tenants pay electricity and water. Renovations include all windows, aluminum soffit, fascia and eaves troughs, all wiring throughout 2 meters, 2 electrical panels with 100 amp service, all plumbing throughout. One boiler with 3 heating zones and three thermostats. Kitchens, 4 bathrooms and all flooring either refinished or renovated. Decorated and painted throughout. Parking for 6+ vehicles. Property comes with rental license. Showings will be Tuesday, Thursdays and Saturday 1-4 pm. with 24 hrs notice and comply to Covid19 showing protocol. Listed in conjunction with 1037 Richmond St (MLS#40014610) as well. Both are available together or seperately. If both purchased one must close in 2020 and the other in 2021 (id:29438)

Property Details

MLS® Number 40015337
Property Type Multi-family
Amenities Near By Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Communication Type High Speed Internet
Community Features Community Centre
Equipment Type None
Features Park Setting, Park/reserve, Conservation/green Belt, Golf Course/parkland, Paved Driveway
Parking Space Total 7
Rental Equipment Type None
Structure Porch


Bathroom Total 2
Bedrooms Total 8
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1900
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Block
Heating Type Hot Water Radiator Heat
Stories Total 3
Size Interior 2425
Type Duplex
Utility Water Municipal Water


Detached Garage


Access Type Road Access, Highway Nearby
Acreage No
Land Amenities Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Landscape Features Landscaped
Sewer Municipal Sewage System
Size Depth 126 Ft
Size Frontage 40 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3-2


Cable Available
DSL* Available
Electricity Available
Natural Gas Available
Telephone Available
Water Available


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