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Property Description
Prime Turn-Key Investment Opportunity - Perfect for Families and Savvy Investors! An ideal choice for families with students attending Western University or for investors seeking a high-demand rental property, this move-in-ready condo combines modern luxury with unbeatable convenience. Located in London's sought-after university district, it offers a seamless blend of comfort, style, and sophistication. This beautifully designed 2-bedroom, 2-bathroom unit features generously sized bedrooms that accommodate study spaces, each with its own sleek 3-piece ensuite bathroom and floor-to-ceiling windows showcasing serene treed views. The inviting living room provides the perfect space to relax and unwind, while the open-concept kitchen is equipped with top quality stainless steel appliances, a central island, granite countertops, and a chic backsplash ideal for creating memorable meals and gatherings. Beyond the unit itself, residents have access to an impressive range of premium amenities, including a contemporary fitness centre, rooftop patio, theatre room, billiards lounge, and social spaces all tailored for an upscale lifestyle. For added convenience, there are numerous study rooms for collaborative work or quiet study, as well as a large laundry facility equipped with multiple washer and dryer units to eliminate any wait time. Its prime location places you minutes from Western University, Londons business district, and vibrant entertainment areas, ensuring both comfort and convenience for students and professionals alike. Whether as a family residence or a smart investment choice, this condo offers a remarkable combination of location, luxury, and turnkey appeal in Londons thriving market.
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Property Features
Grnbelt/Conserv, Hospital, Park, Public Transit, River/Stream, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$2,863 (2024)
Basement
None
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Rental
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 9.22' x 12.73' | |
| Living | Main | 10.89' x 14.24' | |
| Br | Main | 9.15' x 13.81' | |
| Br | Main | 9.15' x 13.81' |
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London Market Statistics
London Price Trend
1235 Richmond St 505 is a 2-bedroom 2-bathroom condo listed for sale at $529,900, which is $95,866 (22.1%) higher than the average sold price of $434,034 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in London increased by $68,118 (18.6%) compared to the previous 30 day period (September 21 - October 20) and up $120,784 (38.6%) from the same time one year ago.Inventory Change
There were 72 2-bedroom condos listed in London over the last 30 days (October 21 - November 19), which is down 2.7% compared with the previous 30 day period (September 21 - October 20) and up 2,300.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($12,662) (2.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $317 increase compared to the previous 30 day period (September 21 - October 20) and ($6,689) 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 (October 21 - November 19) stood at 44.4%, up from 32.4% over the previous 30 days (September 21 - October 20) and down from 66.7% 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 21 - November 19), compared to 85 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Hodgson Realty Inc.
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