Condo/Apt Unit for sale at 1235 Richmond Street, London, ON, N6A 0C1 - East B - MLS: 40810338

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1235 Richmond Street

London, ON, N6A 0C1 - East B

$619,999

Neighbourhood

East B
Major Intersection

Listed Since: 43 day(s)
Last update: today

Overview

Property Type

Condo/Apt Unit, 1 Storey/Apt
Bedrooms

3 + 0
Bathrooms

2
Square Feet

1088
Exposure

South
Total Parking

1
Maintenance

$629
Taxes

$3,923.00 (2026)
Balcony

n/a

Property Description

Property description for 1235 Richmond Street, London

Rare opportunity to own a premium 3-bedroom, 2-bathroom corner suite in "LuxeLondon," the city's premier luxury student residence. Perfectly positioned at thegates of Western University, this unit offers an investor's dream: a professionalrental management company that GUARANTEES the rent and handles all tenantplacement-providing a truly passive, hands-off income stream. Generating $37,200 inannual gross income against a $619k purchase price, this is one of thehighest-yielding residential assets in the market.This sun-drenched suite comes fully furnished and features a modern kitchen withgranite counters and stainless steel appliances. UNMATCHED PERK: This unit includesa highly coveted PARKING SPACE-a rare and valuable asset in this building thatsignificantly boosts resale value and tenant demand. Residents enjoy world-classamenities: a 40-seat movie theatre, 24/7 fitness centre, yoga studio, rooftopterrace with panoramic city views, sauna, and a business lounge. Footsteps toRichmond Row, Masonville Mall, and transit. Whether you are looking to diversifyyour portfolio or start your investment journey with a "sure thing," this is theone. Low stress, high return, and a location that will never go out of style!

Listed by HOMELIFE MIRACLE REALTY LTD

Property details

MLS #

40810338
Sq. Ft

1088
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

n/a
View

n/a
Garage

n/a
Parking Type

n/a
Locker

n/a
Pets Permitted

Restricted
Exterior

Concrete
Fireplace

n/a
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

Fitness Center, Game Room, Parking
Maintenance Fee Includes

n/a
Property Management

Craft Property Group
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Central Vac

n/a
Cert Level

n/a
Energy Cert

n/a

MLS #

40810338
Sq. Ft

1088
Sq. Ft. Source

MLS
Year Built

Available Upon Request
Basement

n/a
View

n/a
Garage

n/a
Parking Type

n/a
Locker

n/a
Pets Permitted

Restricted
Exterior

Concrete
Fireplace

n/a
Security

n/a
Elevator

n/a
Laundry Level

n/a
Building Amenities

Fitness Center, Game Room, Parking
Maintenance Fee Includes

n/a
Property Management

Craft Property Group
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Central Vac

n/a
Cert Level

n/a
Energy Cert

n/a

Bedroom Primary

4.95 x 2.67 ft Main level
Kitchen

4.19 x 3.07 ft Main level
Living Room

4.95 x 3.07 ft Main level
Bedroom

3.78 x 2.79 ft Main level
Bedroom

2.90 x 3.45 ft Main level
Bathroom

false Main level

3-Piece
Bathroom

false Main level

3-Piece
Dining Room

4.95 x 3.07 ft Main level

Contact Manoj Kukreja

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

Property History

Property history for 1235 Richmond Street, London

This property has been sold 99 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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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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