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Saad Saleem Tabani
Broker of Record & Home Developer

Meet Saad Saleem Tabani

With over a decade of experience in the Canadian housing market and leading many residential development projects. At Bridge we have honed our skills to provide you with a results-driven real estate experience. We build homes, help families Bridge into their next home and navigate complex real estate trends. Learn more

1061 Richmond Street London, Ontario N6A3J7

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12
Beds
27
Baths
$3,450,888
Active Other

Property Details

Listed Date: February 3, 2025
Bedrooms: 12
Bathrooms: 27
City: London
Neighbourhood: West London
Province: Ontario
Postal Code: N6A3J7

Property Features & Amenities

Above ground pool Air exchanger Alarm system All Aluminum siding Atrium/Sunroom Attached Garage Backs on greenbelt Balcony Barbeque

Area Features & Amenities

Proximity to schools Access to public transportation Diverse dining options Community Centre Parks Shopping areas Schools

Cultural & Historical Insights

Feng Shui

The property faces east, which is associated with new beginnings and prosperity.

Numerology

The number 1061 adds up to 8, which in Chinese numerology signifies wealth and abundance.

Historical Facts

  • London was founded in 1826 and has a rich history as a regional center for commerce and education.
  • The city is known for its diverse cultural events and festivals.

Community Character

The local community is diverse and vibrant, characterized by a mix of students, families, and professionals, contributing to a lively atmosphere.

Diverse dining options in 1061 Richmond, London

Welcome to a remarkable opportunity to own a unique property for sale in London, Ontario, located at 1057 & 1061 Richmond Street. This former church has been meticulously designed and constructed, presenting an incredible canvas for renovation. With 12 bedrooms and a staggering 27 bathrooms, this versatile building is ready to be transformed into a stunning residence, multi-unit rental property, or community-focused space. Priced at $3,450,888, this is an investment that promises both potential and profitability.

A Transformative Investment in London’s Academic Heart

Nestled in the vibrant heart of London’s academic district, this property is just an eight-minute stroll to the University of Western’s Richmond Gate. The proximity to Kings, Huron, and Brescia Colleges, along with London’s University Hospital, makes this location not only desirable for students but also ideal for professionals seeking convenient living arrangements. The surrounding neighborhood boasts a rich tapestry of amenities, including community centers, parks, and local shops, enriching the lifestyle of future tenants.

Significant renovations have already commenced on the first and second floors, as well as the basement, with much of the heavy lifting already completed. With the potential to create 12 larger units, this property is designed for maximum rental income. The 27 bathrooms ensure convenience for all residents, making it a highly attractive option for those seeking rental opportunities. Ample parking space is available, catering to the needs of tenants and ensuring accessibility.

Unmatched Features and Potential

The solid construction of this property, featuring concrete and brick, ensures durability and longevity, making it a sound investment for years to come. Equipped with essential amenities such as forced air heating, natural gas, central air conditioning, and a water heater, the infrastructure is already in place for a comfortable living environment. The NF Zone variation also permits various uses, opening the door to endless possibilities for innovation and development.

This property for sale in London is not just a building; it’s a gateway to a wealth of opportunities. Whether you’re looking to create a thriving rental business or a community-oriented space, this property is primed for success. Don’t miss out on the chance to explore this incredible investment. Schedule your viewing today and step into a future filled with potential! Contact us now for more details and to arrange your personal tour of this extraordinary property.

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