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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!
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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
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Property Details
Street
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
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Flat | 9.42' x 12.83' | Open Concept, Centre Island, Stainless Steel Appl |
Living | Flat | 15.22' x 10.96' | Large Window, Combined W/Kitchen, Open Concept |
Br | Flat | 14.99' x 9.28' | Large Window, 3 Pc Ensuite, W/I Closet |
Br | Flat | 14.93' x 9.25' | Large Window, 3 Pc Ensuite, W/I Closet |
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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 $77,228 (17.2%) higher than the average sold price of $447,771 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 2 bedroom condo in London increased by $82,459 (22.6%) compared to the previous 30 day period (September 1 - September 30) and up $132,771 (42.1%) from the same time one year ago.Inventory Change
There were 69 2-bedroom condos listed in London over the last 30 days (October 1 - October 30), which is up 6.2% compared with the previous 30 day period (September 1 - September 30) and up 1,050.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($13,999) (3.1%) below asking price over the last 30 days (October 1 - October 30), which represents a $3,613 decrease compared to the previous 30 day period (September 1 - September 30) and ($14,900) more 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 (October 1 - October 30) stood at 40.6%, up from 36.9% over the previous 30 days (September 1 - September 30) and up from 16.7% 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 48 days when successfully sold over the last 30 days (October 1 - October 30), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Experts
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