Skip to main

    505 - 1235 Richmond St

    For SaleLuxe London
    $529,900
    2 Beds
    2 Bath
    1 Parking
    861 SQFT
    27 Days on Strata
    Est Sell Timeframe
    21 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $471/mth
    Taxes:
    $2,863 (2024)
    Cost Per Sqft:
    $615/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    West
    Possession Date:
    Flexible
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Parking
    Building Maintenance
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    12.73 x 9.22ft
    Living
    14.24 x 10.89ft
    Bedroom
    13.81 x 9.15ft

    About this Listing

    Prime Turn-Key Investment Opportunity - Perfect for Families and Savvy Investors! An ideal choice for families with students attending Western University or for investors seeking a high-demand rental property, this move-in-ready condo combines modern luxury with unbeatable convenience. Located in London's sought-after university district, it offers a seamless blend of comfort, style, and sophistication. This beautifully designed 2-bedroom, 2-bathroom unit features generously sized bedrooms that accommodate study spaces, each with its own sleek 3-piece ensuite bathroom and floor-to-ceiling windows showcasing serene treed views. The inviting living room provides the perfect space to relax and unwind, while the open-concept kitchen is equipped with top quality stainless steel appliances, a central island, granite countertops, and a chic backsplash ideal for creating memorable meals and gatherings. Beyond the unit itself, residents have access to an impressive range of premium amenities, including a contemporary fitness centre, rooftop patio, theatre room, billiards lounge, and social spaces all tailored for an upscale lifestyle. For added convenience, there are numerous study rooms for collaborative work or quiet study, as well as a large laundry facility equipped with multiple washer and dryer units to eliminate any wait time. Its prime location places you minutes from Western University, Londons business district, and vibrant entertainment areas, ensuring both comfort and convenience for students and professionals alike. Whether as a family residence or a smart investment choice, this condo offers a remarkable combination of location, luxury, and turnkey appeal in Londons thriving market.

    sutton group - hodgson realty inc.MLS® #X9777029


    Amenities

    Indoor Parking
    Rec Room
    BBQs Allowed
    Visitor Parking
    Sauna
    Party Room

    Explore Neighbourhood

    Unknown
    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

    Similar Listings

    Maintenance Fees

    Luxe London vs The North London Area

    Days on Strata

    Units at Luxe London spend an average of
    63
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in North London

    Turnover of Units

    On average, each unit is owned for
    6.5
    YEARS before being sold again

    Property Value

    5%
    Increase in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 1 condos in the North London area

    Sold Units

    16
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    Luxe London offers the
    ?
    N/A
    best value out of 1 condos in the North London neighbourhood

    Appreciation Rank

    Luxe London has the
    ?
    N/A
    highest ROI out of 1 condos in the North London neighbourhood

    Rental Yield

    Luxe London yields the
    ?
    N/A
    highest rent prices out of 1 condos in the North London neighbourhood

    High Demand

    Luxe London is the
    ?
    N/A
    most popular building out of 1 condos in the North London neighbourhood

    Transaction Insights at 1235 Richmond Street

    2 Bed2 Bed + Den3 Bed
    Price Range$525,000 - $617,000$620,000$580,000 - $605,000
    Avg. Cost Per Sqft$680$633$576
    Avg. Wait for Unit Availability21 Days97 Days197 Days
    Ratio of Units in Building88%7%6%

    Transactions vs Inventory

    Total number of units listed and sold in North London