
Apartment For Sale
$619,999
MLS® Number: 40810338
Bedrooms
3
Bathrooms
2
Floor Area
1,088
Apartment For Sale
$619,999
Bedrooms
3
Bathrooms
2
Floor Area
1,088
1235 RICHMOND Street, London, Ontario
About This Property
Rare opportunity to own a premium 3-bedroom, 2-bathroom corner suite in LuxeLondon, the city's premier luxury student residence. Perfectly positioned at thegates of Western University, this unit offers an investor's dream: a professionalrental management company that GUARANTEES the rent and handles all tenantplacement-providing a truly passive, hands-off income stream. Generating $37,200 inannual gross income against a $619k purchase price, this is one of thehighest-yielding residential assets in the market.This sun-drenched suite comes fully furnished and features a modern kitchen withgranite counters and stainless steel appliances. UNMATCHED PERK: This unit includesa highly coveted PARKING SPACE-a rare and valuable asset in this building thatsignificantly boosts resale value and tenant demand. Residents enjoy world-classamenities: a 40-seat movie theatre, 24/7 fitness centre, yoga studio, rooftopterrace with panoramic city views, sauna, and a business lounge. Footsteps toRichmond Row, Masonville Mall, and transit. Whether you are looking to diversifyyour portfolio or start your investment journey with a sure thing, this is theone. Low stress, high return, and a location that will never go out of style!
Property Details
Interior Details
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer
Basement
None
Bathrooms Total
2
Bedrooms Total
3
Cooling
Central air conditioning
Heating
Forced air
Living Area
1088 sqft
Building & Exterior
Building Features
Exercise Centre
Exterior Features
Concrete
Parking Features
Attached Garage, None
Stories
1.0
Land & Location
Lot Features
Southern exposure
Postal Code
N6A0C1
Subdivision Name
East B
Listing & Financials
Association Fee
$629
Association Fee Frequency
Monthly
Listing Office
HOMELIFE MIRACLE REALTY LTD
Originating System Name
Cornerstone Association of REALTORS®
Other Specifications
Common Interest
Condo/Strata
Country
Canada
Parking Total
1
Listed By
HOMELIFE MIRACLE REALTY LTD
Mortgage Calculator
Estimated Monthly Payment
$3,046
Principal and interest only. Actual rates may vary.
Mortgage Calculator
Estimated Monthly Payment
$3,046
Principal and interest only. Actual rates may vary.