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1235 Richmond Street #901

London East, N6A 0C1·MLS® X13133892·

Listing courtesy of Royal Lepage Triland Realty·Updated 4 days ago

For sale
1 / 25
3Beds
2Baths
1,000-1,199Sqft
11-15Year Built

Listing price

$589,888

Est. $2,809/mo

Days on market

30

Listed May 15, 2026

Description

Available for vacant possession, this is an excellent opportunity for parents looking to secure housing for a student, end users wanting flexibility, or investors seeking a turnkey property in one of London's most established student communities. The Luxe is London's premier purpose-built student condominium residence, offering an unmatched combination of convenience, security, and lifestyle. Residents enjoy exceptional amenities including 24-hour concierge service, a world-class fitness centre, games room, board rooms, rooftop patio, 40-person theatre, on-site convenience store, and Starbucks. Safe, convenient, and an outstanding investment opportunity, the building also offers complimentary winter shuttle service to Western University and CF Masonville Place. This quiet end unit features approximately 1075 square feet of well-designed living space with 3bedrooms, updated carpeting and mattresses, stainless steel appliances, granite countertops, and all furniture included. Heat, air conditioning, and water are all included in the condo fees, making ownership simple and stress-free. Be quick - opportunities like this do not last long.

Property details

Basement

None

Type

Condo Apartment — Apartment

Heating

Forced Air

AI property estimate

$578,515At Market
$543,122$613,908

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Stoneybrook

London East, ON

Established subdivision east of Masonville surrounded by the Stoney Creek Valley.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,809
Property tax$639
Insurance (est.)$123
Utilities (est.)$250
Total monthly$3,822

Land transfer tax

Ontario LTT

$8,273

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

May 15, 2026Listed
$589,888

Sold comparables nearby

607 - 1235 Richmond Street, London EastSold

$485,000

607 - 1235 Richmond Street, London East

2 bd·2 ba·800-899 sqft
614 - 1235 Richmond Street, London EastSold

$487,000

614 - 1235 Richmond Street, London East

2 bd·2 ba·900-999 sqft

See all 10 comparables

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Market conditions · East B

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$2,360

Rental yield

4.8%

Est. cash flow

-$1,462

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$143,307

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$578,515

At Market

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