517 - 1235 RICHMOND STREET, London East (East B), Ontario, N6A0C1
MLS: X12855028 | Apartment (Condo)
$619,999
Property Description
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! (id:64974)
Quick Facts
- Property Type: Apartment (Condo)
- Bedrooms: 3 (3 above)
- Bathrooms: 2
- Ownership: Condo/Strata
- Attached: Yes
- Fireplaces: Yes
- Parking: 1 space (Garage, Underground)
Costs
- Annual Taxes: $3,923.00 (2025)
- Condo/HOA Fee: $629.00 / monthly
- Corp: Craft Property Group
- Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Listing Provided by: HOMELIFE/MIRACLE REALTY LTD
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: None
Exterior & Construction
- Exterior: Concrete
Lot & Land
- Features: In suite Laundry
Community & Neighbourhood
- Community: Pets Allowed With Restrictions
- Neighbourhood: East B
Listing Information
Listing History
Buy/Sell/Terminated/Expired listing history for 517 - 1235 RICHMOND STREET, London East (East B), Ontario, N6A0C1
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes (Within 2km)
Similar Homes
Similar Properties
No rental comparables found in this area.
Sold Comparables
Access to sold property data requires a registered and verified account with TRREB DDF integration.
Coming SoonRented Comparables
Access to rented property data requires a registered and verified account with TRREB DDF integration.
Coming Soon