1235 Richmond St 305

East B, London, N6A 0C1
FOR SALE
$524,999
1235 Richmond St 305, London
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
1235 Richmond St 305
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2
BEDROOMS
2
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1
KITCHENS
4
ROOMS
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Property Description
CALLING ALL INVESTORS!Looking for a high-return investment property with guaranteed rental income? Look no further! This modern 2-bedroom, 2-bathroom condo, located in the heart of vibrant London, Ontario, is just steps from Western University, making it the perfect rental property for students and young professionals alike. With a contemporary design, the fully-equipped kitchen boasts granite countertops and sleek stainless steel appliances. Expansive windows fill the open-concept living space with natural light, creating an inviting atmosphere. The unit is fully furnished and includes in-suite controlled heating, offering both comfort and convenience year-round. But that's not all! Residents enjoy an array of top-tier amenities, including an onsite Starbucks, a billiards lounge, a games room, a fitness center, a yoga studio, and a rooftop patio with panoramic views. This condos prime location means its close to local shops, dining, and entertainment, making it highly desirable for tenants. Whether you're a seasoned investor or looking to get into the real estate market, this property offers a combination of luxury, location, and guaranteed rental income. Don't miss out on this exceptional opportunity to add a high-demand rental to your portfolio!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2020-01-09 2020-01-31 27 $399,000 $399,000 Sold
2019-10-11 2019-12-17 67 $399,000 - Suspended
Extras
All Elfs, Window Coverings, Appliance
Property Features
Grnbelt/Conserv, Library, Public Transit
Property Details
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$2,565 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
KitchenFlat9.42' x 12.83'Open Concept, Centre Island, Stainless Steel Appl
LivingFlat15.22' x 10.96'Large Window, Combined W/Kitchen, Open Concept
BrFlat14.99' x 9.28'Large Window, 3 Pc Ensuite, W/I Closet
BrFlat14.93' x 9.25'Large Window, 3 Pc Ensuite, W/I Closet
London Market Statistics
London Price Trend
1235 Richmond St 305 is a 2-bedroom 2-bathroom condo listed for sale at $524,999, which is $162,978 (45.0%) higher than the average sold price of $362,021 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $121,643 (25.2%) compared to the previous 30 day period (October 3 - November 1) and up $50,521 (16.2%) from the same time one year ago.
Inventory Change
There were 68 2-bedroom condos listed in London over the last 30 days (November 2 - December 1), which is up 3.0% compared with the previous 30 day period (October 3 - November 1) and up 3,300.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($12,208) (3.4%) below asking price over the last 30 days (November 2 - December 1), which represents a $1,973 increase compared to the previous 30 day period (October 3 - November 1) and $1,521 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 2-bedroom condos in London over the last 30 days (November 2 - December 1) stood at 33.8%, down from 42.4% over the previous 30 days (October 3 - November 1) and down from 50.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in London stood at 41 days when successfully sold over the last 30 days (November 2 - December 1), compared to 65 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Experts
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