Condo sold at 615-1235 Richmond Street, London East, Ontario, N6A 0C1 - East B - MLS: X12539490

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615-1235 Richmond Street

London East, Ontario, N6A 0C1 - East B

$499,000$000000

Virtual Tour

Neighbourhood

East B
Major Intersection

Richmond St & Raymond Ave

Listed Since: 173 day(s)
Last update: 141 day(s) ago

Virtual Tour

Overview

Property Type

Condo Apt, Apartment
Bedrooms

2
Bathrooms

2
Square Feet

800-899
Exposure

West
Total Parking

n/a
Maintenance

$459
Taxes

$2,721.51 (2024)
Balcony

None

Property Description

Property description for 615-1235 Richmond Street, London East

Turnkey investment in London's most desirable student condo building! This spacious 2-bedroom, 2-bathroom unit is currently tenanted, providing stable and reliable monthly income for the owner. Each bedroom features its own ensuite, maximizing rental appeal for student tenants. The current owner has signed a rental guaranty agreement with Craft Property Group, ensuring a fixed rental assurance-fully transferable to the new owner. Enjoy predictable cash flow and professional property management, making this a low-maintenance investment with reduced vacancy risk. Located steps from Western University and close to downtown London's business center, entertainment district, parks, and Masonville Mall. The building offers premium amenities: rooftop terrace, 40-seat theatre, billiards and games lounge, social lounge, state-of-the-art fitness center, yoga & Pilates studio, and business center. An exceptional opportunity for investors seeking consistent income, strong rental demand, and excellent building amenities.

Listed by AVION REALTY INC.

Property details

MLS #

X12539490
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

None
Parking Type

None
Locker

None
Pets Permitted

N
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

n/a
Maintenance Fee Includes

n/a
Property Management

Craft Property Group
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

MLS #

X12539490
Sq. Ft

800-899
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

None
View

n/a
Garage

None
Parking Type

None
Locker

None
Pets Permitted

N
Exterior

Brick
Fireplace

N
Security

n/a
Elevator

n/a
Laundry Level

Main
Building Amenities

n/a
Maintenance Fee Includes

n/a
Property Management

Craft Property Group
Heat

Forced Air
A/C

Central Air
Water

n/a
Water Supply

n/a
Central Vac

N
Cert Level

n/a
Energy Cert

n/a

Living

6.27 x 3.43 ft Flat level

Combined W/Dining, Combined W/Kitchen, Open Concept
Dining

6.27 x 3.43 ft Flat level

Combined W/Kitchen, Combined W/Living, Open Concept
Kitchen

6.27 x 3.43 ft Flat level

Combined W/Living, Combined W/Dining, Open Concept
Primary

4.29 x 2.77 ft Flat level

Large Window, Separate Rm
2nd Br

4.29 x 0.77 ft Flat level

Large Window, Separate Rm

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Estimated price

Date

Price

Change

2025-11-13

$472,543

0.00%

Local Real Estate Price Trends for Condo Apt in East B

Active listings

Average Selling Price of a Condo Apt

April 2026

$335,000

Last 3 Months

$284,231

Last 12 Months

$273,644

April 2025

$549,500

Last 3 Months LY

$183,167

Last 12 Months LY

$463,979

Change

-39%

Change

55%

Change

-41%

How many days Condo Apt takes to sell (DOM)

April 2026

Last 3 Months

Last 12 Months

April 2025

Last 3 Months LY

Last 12 Months LY

Change

-76%

Change

43%

Change

-38%

Average Selling price

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Down Payment ($)

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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