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$899,900
1073 Richmond St, London, ON N6K 3K1
8 Beds
4 Baths
n/a sqft

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Attention investors. Great Investment opportunity. Prime location with easy access to downtown entertainment, Masonvile shopping, walking distance to parks, hospitals and UWO . TURNKEY licensed duplex that has been renovated top to bottom. Two 4 bedroom units rented until April 2022. Rent potential to more rents with new tenants. Gross income $54720.00. Net income $42,500.75. 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.
  • Price:
  • $899,900
  • Bedrooms:
  • 8
  • Year Built:
  • 1900
  • Listing ID #:
  • 40089029
  • Street Address:
  • 1073 Richmond St
  • City:
  • London
  • Province:
  • Ontario
  • Postal Code:
  • N6K 3K1
  • County:
  • Middlesex
  • Community:
  • East
  • Subarea:
  • East B
  • Listing Status:
  • Active
  • Listing Type:
  • Residential Income
  • Age Of Dwelling:
  • 100+ Years
  • Approximate Square Footage Range:
  • 2001 To 3000
  • Basement Type:
  • Full Basement
  • Building Faces:
  • East
  • Building Security:
  • Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Description:
  • Brick
  • Construction Type:
  • Detached
  • Exterior Features:
  • Deck(s), Porch
  • Foundation Material:
  • Concrete Block, Poured Concrete
  • Has Basement:
  • 1
  • Interior Features:
  • Water Heater Owned
  • New Construction:
  • 1
  • Number Of Units:
  • 2
  • Number Of Units:
  • 2
  • Type Of Roof:
  • Asphalt Shing, Shingles
  • Year Built:
  • 1900
  • Year Built Description:
  • Completed / New
  • Year Built Source:
  • Estimated
  • Annual Insurance Expenses:
  • 3817.00
  • Expenses:
  • Actual
  • Net Operating Income:
  • 44500.75
  • Net Operating Income:
  • 54720.00
  • Operating Expense:
  • 12219.25
  • Approximate Lot Size Range Source:
  • Geowarehouse
  • Conforms To Zoning:
  • R3-2
  • Lot Size Side:
  • 125.60
  • Road Access:
  • Public Road
  • Topography:
  • Flat
  • Included In Sale:
  • Carbon Monoxide Detector, Smoke Detector
  • Location Description:
  • Urban
  • Street Type:
  • Street
  • Sub Area:
  • East B
  • Property Taxes:
  • $6,808
  • Laundry Description:
  • In-Suite, Inside
  • Garage Parking Spaces:
  • 1.00
  • Has Garage:
  • 1
  • Parking Description:
  • Asphalt, Right-Of-Way
  • Parking Spaces:
  • 7
  • Existing Water:
  • Municipal
  • Heating:
  • Gas Hot Water
  • Sewage Type:
  • Sewer (municipal)
  • Listing provided by Century 21 First Canadian Corp.
  • ONITSO

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