1117 Richmond St

East B, London, N6A 3K4
FOR SALE
$819,000
1117 Richmond St, London
1117 Richmond St
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5 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
10 + 3
ROOMS
X11824633
MLSID
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Property Description
Steps to Western University Main Gates! *****5 Star Location***** 5 Houses south of Richmond Main Gates! Are a parent of a UWO student or investor? Take note of this solid, charming 2.5 Storey Character home offering 6 Beds (+1 additional bed in basement - currently unfinished). Separate Entrance at back to both Main Floor & Basement! Parking for 4! Updated, inviting with great function and flow: Main floor offering a 9 ft+ Ceilings, spacious Foyer, Living Room with stunning fireplace & mantel, feature windows, spacious Dining Room for large table, bright white eat-in Kitchen with built-in pantry fabulous for the Student Life & Experience! 2nd Floor has 3 Beds, 1 Full Bath, and 2 Beds on 3rd Floor. Basement has brand new laminate flooring, 1 Full Bath, 1 Bed plus another, (currently unfinished), that could serve as a 7th Bed. Convenient Main Floor Laundry. Separate Garage, perfect for bikes, E-bikes etc. 2 Fridges, New Washer & Dryer. This home is clean, functional, well maintained - Peace of Mind! Invest today and avoid competing on sky-rocketing student rental housing! An Ideal house and location for students to call home, be on time for class and get a successful start! Existing Tenants stay until April 30, 2025 with rents of $ 850 / month each + utilities. Furnace (2019), New Shingles (2018), Owned Hot Water Heater. Close to Shops, Restaurants, Medical, Hospital, Banks - and UWO at your doorstep!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-11-06 2024-12-03 27 $849,000 - Terminated
2004-07-09 2004-09-08 63 $234,000 - Expired
2021-11-10 2021-11-17 7 $729,900 $745,000 Sold
2016-01-12 2016-01-26 14 $389,900 $386,000 Sold
2005-01-29 2005-03-10 43 $229,900 $220,000 Sold
2012-09-29 2012-11-29 61 $389,900 - Terminated
Property Features
Hospital, Park, Public Transit, Rec Centre, School
Property Details
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
39' x 136'
Fronting
West
Taxes
$4,661 (2023)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Mutual
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain13.25' x 21.10'
DiningMain11.42' x 13.91'
LivingMain13.09' x 15.09'
Br2nd9.68' x 15.26'
2nd Br2nd9.51' x 11.75'
3rd Br2nd12.24' x 12.34'
4th Br3rd15.16' x 16.99'
5th Br3rd9.84' x 10.01'
Br3rd7.15' x 10.50'
BrBsmt11.42' x 13.68'
OtherBsmt10.07' x 13.42'
UtilityBsmt11.32' x 15.75'
London Market Statistics
London Price Trend
1117 Richmond St is a 5-bedroom 2-bathroom home listed for sale at $819,000, which is $18,375 (2.3%) higher than the average sold price of $800,625 in the last 30 days (November 4 - December 3). During the last 30 days the average sold price for a 5 bedroom home in London increased by $42,911 (5.7%) compared to the previous 30 day period (October 5 - November 3) and down $74,275 (8.5%) from the same time one year ago.
Inventory Change
There were 12 5-bedroom homes listed in London over the last 30 days (November 4 - December 3), which is down 7.7% compared with the previous 30 day period (October 5 - November 3) and up 140.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in London typically sold ($36,062) (4.5%) below asking price over the last 30 days (November 4 - December 3), which represents a $2,977 decrease compared to the previous 30 day period (October 5 - November 3) and $0 less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in London over the last 30 days (November 4 - December 3) stood at 66.7%, up from 53.8% over the previous 30 days (October 5 - November 3) and up from 20.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in London stood at 91 days when successfully sold over the last 30 days (November 4 - December 3), compared to 88 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Realty Plus Oakville
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