$1,249,000
PRICE
6 + 2
BEDROOMS
4
BATHROOMS
X12316959
MLSID
1051 Richmond Street, London
Embrace a prime investment opportunity with this captivating 8 bedroom home boasting a lucrative 6% cap rate, strategically positioned on Richmond St within a stone's throw to Western University, offering both convenience and potential for high returns. A quick bus trip connects you to various amenities, placing everything at your fingertips. This versatile home currently features 8 bedrooms but has the potential for effortless conversion into separate units, maximizing its income potential. Seize the opportunity to capitalize on this exceptional property, perfectly positioned near all amenities. Don't miss your chance to own this gem and unlock the full potential of this investment in a highly sought-after location. Property is also located at a future rapid transit stop providing for future re-development opportunities (details available upon request).
Summary
Address
1051 Richmond Street
City
Community
Street
MLSID
X12316959
Property Type
Detached
Property Category
Bedrooms
6 + 2
Bathrooms
4
Kitchens
1
Zoning
R2-2(9)
Taxes (Annual)
$4,813.77
Tax Year
2024
Published
July 31, 2025
Days on Market
1 Days
Possession Type
Other
Possession Details
Flexible
Inclusions
FRIDGE, STOVE, WASHER, DRYER, DISHWASHER
Details
Property Features
Hospital, Library, Place Of Worship, Public Transit, School Bus Route
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
2-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Third Level
Bathroom 4
3-Piece Basement Level
Parking Spaces
2
Parking Total
2
Parking Features
Front Yard Parking, Private Double
Architectural Style
2 1/2 Storey
Roof
Shingles
Construction Materials
Brick, Vinyl Siding
Lot Width
27 Feet
Lot Depth
80 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
Similar Listings
Listing Contracted with CENTURY 21 FIRST CANADIAN TRUSTED HOME REALTY INC.