For Sale

1061 Richmond Street, London, Ontario N6A3J7

$3,450,888

1061 Richmond Street, London, Ontario N6A3J7 is For Sale and has a listing price of 3,450,888. The property is located in the North London neighbourhood. It's been on the website for 24 Days.

  • Multi-family
    Property Type
  • Other
    Building Type
  • 12
    Bedrooms
  • 27
    Bathrooms
  • 10
    Parking Spaces
  • MLS ID: X11953149
  • Office Name PROPERTY MAX REALTY INC.
Property Description

Opportunity knocks with this unique property at 1057 & 1061 Richmond Street! Formerly a church, this solidly constructed building offers limitless potential for renovation. Located just an eight-minute walk to the University of Westerns Richmond Gate, its in the heart of Londons academic hub, with Kings, Huron, and Brescia Colleges, as well as Londons University Hospital, all within walking distance.Renovations to the first and second floors, as well as the basement, have already begun, and much of the work is complete. With 9 larger units (potential for 12) and a total of 27 washrooms, this property is perfect for rental income. Theres ample parking space for tenants, and the NF Zone variation allows for a variety of permitted uses. Taxes will be assessed after work completion.This is a must-see to appreciate opportunitycall to schedule your viewing today! See attached for more details. Extras include all items in the basement (36741960). **EXTRAS** All existing materials and other items on the property will be provided at a reasonable price. (id:43137)

Property Details
  • Virtual Tour: Click Here
  • Bedrooms: 12
  • MLS ID: X11953149
  • Bathrooms: 27
  • Price: $3,450,888
  • Transaction Types: For Sale
  • Ref ID: 27871258
  • Year Built: N/A
  • Building Type: Other
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
02/01/2025 X11952956 $3,450,888 For Sale - -
02/01/2025 X11953149 $3,450,888 For Sale - -
09/09/2024 X9343304 $3,499,000 For Sale - -
09/11/2024 X9343092 $3,499,000 Terminated 11/30/2025 -
07/02/2024 X9007947 $3,499,000 Terminated 06/30/2025 -
07/02/2024 X9007884 $3,499,000 For Sale - -
03/14/2024 X8147320 $3,788,888 For Sale - -
03/14/2024 X8140392 $3,999,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
North London
  • $896,039 Average List Price
    based on 1 year
  • 29 New Listings
    based on 30 days
  • 73 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.6 % Up
  • Sold (12mo) 68
  • Rented (12mo) 10

  • 1 Month Change -15.1%
  • 3 Month Change +6.6%
  • 6 Month Change +3.7%
Walkscore
  • 59 Walk Score
    Somewhat Walkable
  • 65 Transit Score
    Good Transit
  • 66 Bike Score
    Bikeable
Property Type Distribution
  • All Houses
    73.66%
  • Commercial
    4.03%
  • Condo
    21.98%
  • Land for Sale
    0.34%
Additional Details
  • Sewers Sanitary Sewer
  • Heat Source Natural Gas
  • Basement2 N/a (partially Finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Brick, Concrete
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 10
  • Property Features Wheelchair Access, Paved Yard
  • Basement Apartment In Basement
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 01/02/2025 00:00:00
  • Zoning M-c2 D124
  • Agent Name: MOHAN SUBRAMANIYAM
  • Last Updated: 08/02/2025 02:35:02
Open House Dates
  • 1. 08/03/2025 (Start time: 2:00 PM - End time: 4:00 PM)
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