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Property Description
Amazing opportunity for first-time buyers, down sizers and investors alike! This two-bedroom condo is in a prime location in North London, steps away from Masonville Mall, UWO, University Hospital and Downtown London! Sitting on the sixth floor, you will find a wonderful view featuring two bedrooms and two full bathrooms, including an ensuite for the primary bedroom, a spacious living room, a dining room, and in-suite laundry with plenty of storage! The building is well-managed and features a gym, which includes a sauna and secured entry. One designated parking spot is included, plenty of visitor parking is available, and it's extremely close to public transportation. It is currently rented out for $1275 per month, and the tenant is on a month-to-month lease. The tenant would be willing to stay on or will vacate for the new owner given appropriate notice. Don't miss this opportunity for a very affordable option here in London!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-16 | 2024-10-16 | 92 | $419,900 | - | Expired |
| 2003-05-12 | 2003-07-18 | 71 | $128,800 | $122,000 | Sold |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1000-1199
Taxes
$2,485 (2024)
Basement
None
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 10.70' x 9.09' | |
| Dining | Flat | 10.07' x 16.47' | |
| Living | Flat | 17.09' x 11.58' | |
| Prim Bdrm | Flat | 17.09' x 11.09' | |
| Br | Flat | 10.10' x 10.07' | |
| Laundry | Flat | 5.28' x 3.51' |
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London Market Statistics
London Price Trend
1510 Richmond St 605 is a 2-bedroom 2-bathroom condo listed for sale at $419,900, which is $35,515 (7.8%) lower than the average sold price of $455,415 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in London increased by $4,250 (0.9%) compared to the previous 30 day period (December 22 - January 20) and up $292,398 (179.4%) from the same time one year ago.Inventory Change
There were 70 2-bedroom condos listed in London over the last 30 days (January 21 - February 19), which is up 55.6% compared with the previous 30 day period (December 22 - January 20) and up 3,400.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($8,330) (1.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,524 increase compared to the previous 30 day period (December 22 - January 20) and ($2,896) 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 (January 21 - February 19) stood at 18.6%, down from 77.8% over the previous 30 days (December 22 - January 20) and down from 269,800.0% 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 49 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Triland Realty
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