1051 Richmond Street N, London East
$895,000
1051 Richmond Street N, London East
Total Monthly Obligation $4,413
No agent assigned
ATTENTION INVESTORS/ FIRST TIME HOME BUYERS/ LARGE FAMILIES/ This Old North property has a lot of flexibility for a mortgage helper, main residence or a rental investment to add to your portfolio. Located in one of Londons most desirable neighbourhoods, this is a character-filled century home has a rental licence for 7 bedrooms, with 3+1 bathrooms. Walking in, you're welcomed by an oversized mudroom with plenty of room for coats, shoes and storage. From there, the home opens into a massive living room featuring original hardwood floors that carry through into the oversized dining room, creating a warm and inviting space for entertaining or everyday living.The kitchen sits at the rear of the home with original cabinetry and direct access to the fully fenced backyard. A convenient 2-piece bathroom completes the main level.Upstairs, the second floor features four generously sized bedrooms, all with hardwood flooring and ceiling fans, along with a 4-piece bathroom. Continue to the third level where you'll find two additional bedrooms, another 4-piece bathroom and a potential 8th bedroom with a slightly lower ceiling height and a walk-in closet. This level also includes a dedicated fire exit leading to the backyard . The lowest level has 2 bedrooms, a 3-piece bathroom and laundry/utility. Outside, enjoy a fully fenced yard with green space, a fire pit and a small porch area. Located within walking distance to downtown, Western University, St. Joseph's Hospital, grocery, and all amenities... Directly on a bus route! Whether you're considering student housing, professional rentals or a beautiful Old North family home, this property offers plenty of opportunity.
Closing Costs
Total Monthly Obligation
Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%
*This analysis is independently generated NOT provided by TREB or CREA.
Comparables
Properties near 1051 Richmond Street N
Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.
Data is provided courtesy of PropTx.
The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.
Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).
The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Data last updated within the past 24 hours.