London and Area, Ontario

519-494-8614
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840 RICHMOND Street, London, Ontario, N6A3H8

840 RICHMOND Street, London, Ontario, N6A3H8 (ID 40266403)
Representative
Michael Palleschi portrait
Michael Palleschi
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: 519-494-8614
Tel: 519- 667-1800

$1,200,000 - For sale

ID#:40266403

Amazing investment opportunity in this beautifully renovated Classic Yellow Brick Triplex in North London. Ideally located only blocks from Richmond Row and UWO, and Hospital facilities. This location is sure to provide uninterrupted tenancy and secure income for years to come. The (3) three bedroom main floor unit leases for $2100 per month plus hydro, the (1) one bedroom main floor unit leases for $1,350 per month plus hydro. There is also a spacious (3) three bedroom upper floor unit that leases for $2100 per month plus hydro. A long list of renovations and upgrades include but are not limited to 40 years shingles (2010), 98% efficient Boiler (2010), electrical fully updated and separately metered (2016), triple pane windows (2009), 18 inches of blown attic insulation (2016), upgrades to both (3) three bedroom units (2016) with commercial grade laminate flooring covering area living spaces, ceramic tiles in bathrooms and kitchen floors, granite countertops, glass showers, in suite laundry, LED lighting, new plumbing and integrated smoke and CO2 detectors. The private driveway will accommodate parking for 4 vehicles. City of London Rental License validated February 2022. New water supply lines from city installed 2016. Asbestos Abatement Certification of Removal available. Fantastic turn key investment! Always Easy to Rent with so many sources in the Rental Pool for this area. All Tenants on a 12 month lease. (id:2471)

Location DescriptionEast side of Richmond - between St. James and Grosvenor. Park on St. James and walk please. Tenants have 4 vehicles.

Property Details
  • Property Address:840 RICHMOND Street, London, Ontario, N6A3H8
  • Property Type:Multi-family
  • Title:Freehold
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
  • Driveway:Detached Garage
  • Parking Space Total:5
Structure Details for 840 RICHMOND Street, London, Ontario, N6A3H8
  • Structure Style:Triplex
  • Bedrooms:7
  • Bathrooms:3
  • Floor Space:2500
  • Heating Type:Natural gas
  • Style:Attached
  • Storeys:2
  • Basement Type:Crawl space (Unfinished)
  • Foundation Type:Unknown
  • Cooling Type:None
  • Rental Equipment:Water Heater
  • Exterior Type:Brick
Amenities for 840 RICHMOND Street, London, Ontario, N6A3H8
  • Amenities Nearby:Hospital, Public Transit
Representative
Michael Palleschi portrait
Michael Palleschi
Sales Representative
RE/MAX Centre City Realty Inc., Brokerage - London*
Cell: 519-494-8614
Tel: 519- 667-1800
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840 RICHMOND Street, London, Ontario, N6A3H8

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