21 days on Market

1235 Richmond St #615, London East, Ontario N6A 0C1

Condo
2
2
~800-899 sqft
$499,000
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Condo
2
2
~800-899 sqft

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Highlights

Property Estimate

Days on market21 days

Estimated valueNot available

Price/Sqft$589/sqft

Monthly cost

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Description

Turnkey investment in London's most desirable student condo building! This spacious 2-bedroom, 2-bathroom unit is currently tenanted, providing stable and reliable monthly income for the owner. Each bedroom features its own ensuite, maximizing rental appeal for student tenants. The current owner has signed a rental guaranty agreement with Craft Property Group, ensuring a fixed rental assurance-fully transferable to the new owner. Enjoy predictable cash flow and professional property management, making this a low-maintenance investment with reduced vacancy risk. Located steps from Western University and close to downtown London's business center, entertainment district, parks, and Masonville Mall. The building offers premium amenities: rooftop terrace, 40-seat theatre, billiards and games lounge, social lounge, state-of-the-art fitness center, yoga & Pilates studio, and business center. An exceptional opportunity for investors seeking consistent income, strong rental demand, and excellent building amenities.


Property Details

StyleApartment
View-
Age of property-
SqFt~800-899 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberX12539490
Community NameNorth London
Data SourceTRREB
Listing byAVION REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Living

6.27 x 3.43

Combined W/Dining / Combined W/Kitchen / Open Concept

Kitchen

6.27 x 3.43

Combined W/Living / Combined W/Dining / Open Concept

Primary

4.29 x 2.77

Large Window / Separate Rm

Dining

6.27 x 3.43

Combined W/Kitchen / Combined W/Living / Open Concept


6Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Nov 13, 2025
ListedActive
$499,000
21 days on market
history photo preview23
Listing by trreb®
Property listed by AVION REALTY INC., Brokerage
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Market Data - North London

Geo Zone Map ThumbnailNorth London

Seller's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

57 days

Compared to

2024

72 days

2023

0 day

2022

50 days

New Listings

Past 30 days

3 listings

Compared to

2024

3 listings

2023

1 listing

2022

4 listings

Units sold

Past 30 days

3 units

Compared to

2024

1 unit

2023

0 unit

2022

3 units

Median Sold Price

Past 30 days

$492,000

Compared to

2024

$600,000

2022

$530,000


Population and Demographics

Overview

Total population 9916
Average household income $144,067

Age (%)

0 to 19
17%
20 to 34
30%
35 to 49
16%
50 to 64
17%
65 and plus
21%

Household composition (%)

Single family
49%
Single person
39%
Multi person
12%
Multi family
0%

Mother tongue (%)

English
86%
Others
8%
Spanish
2%
Mandarin
1%
Arabic
1%

House tenancy (%)

Renters
52%
Owners
48%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget