1576 Richmond Street

$7,650,000
1576 Richmond Street
London, ON N6G 2M6
  • 12 Unit (58 Bedrooms) Student Condominium Development
  • Just steps from Western University, University Hospital and Masonville Mall
  • Fully renovated (2015) Tudor Mansion includes two 4 bedroom units
  • Two blocks of new townhomes (2015) includes ten 5 bedroom units
  • Each unit is fully furnished with stainless steel appliances, laundry, 40” TV, dining table & chairs and living room furniture
  • Each bedroom is also fully furnished including bed, dresser, desk, TV and bar fridge
  • Gross Operating Income: $520,000
  • Total Expenses (including management/leasing expense): $166,000
  • Net Operating Income: $354,000

BRENT RUDELL
Broker of Record

519 438 5608
brent.rudell@cushwakeswo.com
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ANDREW JOHNSON
Sales Representative

519 438 8639
andrew.johnson@cushwakeswo.com
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SCOTT JARVIS
Sales Representative
SUTTON GROUP PREFERRED REALTY

519 857 2129
gojarv@yahoo.ca