Primary photo of 1235 RICHMOND Street, London
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Apartment For Sale

$619,999

MLS® Number: 40810338

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

Mortgage Calculator

20% ($124,000)
5.5%
25 Years

Estimated Monthly Payment

$3,046

Principal and interest only. Actual rates may vary.

Location & Map

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