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1037 Richmond Street London, Ontario N6A 3J6

8 Bedroom 4 Bathroom
Hot Water Radiator Heat


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) +/-($560. x 4 and $570.00 x 4) x 12 = $54240.00. 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 1073 Richmond St (MLS#40015337) as well. Both are available together or seperately. If both purchased one must close in 2020 and the other in 2021 (id:20872)

Property Details

MLS® Number 40014610
Property Type Multi-family
Amenities Near By Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Community Features School Bus
Features Park Setting, Park/reserve


Bathroom Total 4
Bedrooms Total 8
Appliances Water Meter
Basement Development Finished
Basement Type Full (finished)
Exterior Finish Brick
Fire Protection Smoke Detectors
Fireplace Present No
Foundation Type Poured Concrete
Heating Type Hot Water Radiator Heat
Stories Total 2
Type Duplex
Utility Water Municipal Water


Attached Garage


Access Type Road Access, Highway Nearby
Acreage No
Land Amenities Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 130 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R3-2


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