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Listed price in listed location currency (CAD).
$619,999

320

MLS® X12855028

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment/Condominium
Levels Residential
Size -
Garage Underground
Maintenance Fees $629
Taxes $3,923
Days Active 47
Approx. Age 
MLS® Number X12855028

Property Address: 517-1235 Richmond St, London, ON, N6A0C1

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® NumberX12855028
Locker
Ensuite LaundryYes
Balcony
Furnished
Laundry LevelEnsuite
Exposure
Exterior
GarageUnderground
Approx. Age
Stories5
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

Other

Mar 6, 2026List Date
$619,999List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
Feb 9, 2021End Date
-Sold Price

Expired

Feb 4, 2021List Date
$539,900List Price

Home Appraisal

This property is estimated to sell between: $492,000 and $684,000.
Similar properties in this area sold on average for: $492,671
Expected to sell in 6 days. Similar properties sold in 53 days. This home has been on eXp Realty for 47 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

  • Commute

Commute

Starting Address
Destination Address
1235 Richmond St, London, ON

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