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Last Updated : 36 Days ago
224, 226 & 230 RICHMOND St, London, Ontario, East K
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224, 226 & 230 RICHMOND St, London MLS Number: X8259362

East K, London, Middlesex, ON, N6B 2H6

$1,855,855

Price drop by $144,145

Status: For Sale

  • Property Type: Commercial (Investment)
  • Property Taxes : $4234.26 (Tax Year:2022)
  • Listing Courtesy : Exp Realty

224, 226 & 230 RICHMOND St Property 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.

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224, 226 & 230 RICHMOND St Property Facts

Property Type :Commercial
MLS Number :X8259362
Listing Type :Sale
Property Age :51-99 Years
Possession Date :
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Last Updated :16 Nov, 2024 (36 Days ago)
Source :TRREB
Area :Middlesex
Postal Code : N6B 2H6
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224, 226 & 230 RICHMOND St Property Price & Tax Insights

Price : $1,855,855
Property Taxes :$4234.26
Tax Year :2022

224, 226 & 230 RICHMOND St, London Property Details

Cross Street :Horton Street

224, 226 & 230 RICHMOND St, London - Price History

2024-04

22 Apr, 2024

TREB #X8259362

Available

$1855855.0

  • 0
  • 400k
  • 800k
  • 1.2M
  • 1.6M
  • 2M+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+
  • 0
  • 6
  • 12
  • 18
  • 24
  • 30+

224, 226 & 230 RICHMOND St - Location Map and Landmarks

  • London Health Sciences Centre – Children's, Middlesex 2.68 km
  • London Health Sciences Centre – Victoria's, Middlesex 2.68 km
  • London Health Sciences Centre – University, Middlesex 4.38 km
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  • 2000-2500 sq-ft
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$339900.0
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389 Dundas St W, London, Ontario
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446 York St, London, Ontario
$1400000.0
  • 2500-3000 sq-ft
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339 HORTON St E, London, Ontario
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FAQs: 224, 226 & 230 RICHMOND St, London

  • Q:What is the Area Size of the 224, 226 & 230 RICHMOND St In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately sq. ft and is strategically located in Middlesex. The MLS No of this project is X8259362 and the Project is located in Ontario, Canada
  • Q: Does this Project 224, 226 & 230 RICHMOND St available for Sale ?

    A: The project 224, 226 & 230 RICHMOND St is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 224, 226 & 230 RICHMOND St is Offering?

    A:Square Yards is giving a Cashback of $9,279 if you buy this property from us, however there are several key features offered by the 224, 226 & 230 RICHMOND St. You get Beds with N/A Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 224, 226 & 230 RICHMOND St, Middlesex?

    A: 224, 226 & 230 RICHMOND St, Middlesex comes with Beds for maximum convenience and space. There are N/A baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Middlesex, On?

    A:Middlesex, Ontario is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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