Nigel Phillips Realtor

🏠 FOR SALE:📍376 Richmond St, London
🛏️ Bedrooms: 23
🛁 Bathrooms: 23
🚶‍♂️ Heart of downtown London
💲 Assumable financing available
Rare chance to acquire a fully repositioned, 23-unit mixed-use loft building in the heart of downtown London with assumable financing available. 376 Richmond Street is a concrete-frame, three-storey building fully converted in 2025, offering a diverse unit mix of studios, one-bedrooms, and one-bedroom-plus-dens, with electricity and water sub-metered directly to tenants, dramatically reducing landlord utility exposure. The property is financed under CMHC MLI Select Level 3 with a 50-year amortization, providing a buyer with long-term, low-cost debt and a clear decision point at mortgage maturity in 2030, at which point the buyer can maintain CMHC financing or exit the covenant and bring all units to market rent. The ground-floor commercial space presents a compelling boutique gym or premium fitness conversion opportunity, with downtown London's growing professional tenant base supporting above-average retail rents. In-place NOI of $311,093 grows to a market-stabilized $425,577 as below-market leases roll over on unit turnover. A fully optimized asset, including unit turnover, gym conversion, and covenant exit, represents a great value add strategy.
Contact me for more info!
Nigel Phillips
📲 226-378-1229
[email protected]

🏠 FOR SALE:📍4228 Fallingbrook Rd, London
🛏️ Bedrooms: 2
🛁 Bathrooms: 3
🌳 Backing onto protectedtrees
📏 Nearly 2,000 sq ft on the main
☀️ Solar panel system
🚧 Metal roof
🎑 Premium 50 x 152 ft lot
💰 Price: $1,349,000
Tucked into the prestigious enclave of Heathwoods in Lambeth. This exceptional bungalow sitson a premium 50 x 152 ft lot, bordered by a green space entrance and backing onto protectedtrees offering rare privacy and a peaceful natural backdrop just minutes to the 401, shopping,schools and dining.Thoughtfully designed with nearly 2,000 sq ft on the main level, this 2 bedroom, 2.5 bath homealso features an unfinished lower level with over 1,100 sq ft, a finished hallway and bathroomrough-in ideal for future bedrooms, living space or a custom layout tailored to your needs.This home is defined by two standout themes. First, a refined Scandinavian-inspired aesthetic with a focus on simplicity, warmth and upscale finishes. Clean lines, natural textures, custom millwork, statement ceiling beams and expansive windows create a calm, elevated living experience that feels both modern and timeless.Second, a commitment to eco-conscious, high-efficiency living. Designed for long-term sustainability and low maintenance, the home features a durable metal roof, solar panel system, high-performance heat pump, multi-zone HVAC, enhanced insulation, and energy-efficient systems throughout delivering comfort, cost savings and peace of mind for years to come.The result is a rare offering that seamlessly blends design-forward living with smart, future-focused performance all in one of Lambeth's most sought-after communities.
Contact me for more info or to book your private showing today!
Nigel Phillips
📲 226-378-1229
[email protected]