1235 Richmond Street #913
London East, N6A 0C1·MLS® X13169370·
Listing courtesy of Smartway Realty·Updated May 25
Listing price
$474,900
Est. $2,262/mo
Days on market
Listed May 25, 2026
Description
Opportunity to move immediately for the new buyer or for investing in London Ontario! This is the premier building for Luxury student accommodation. This is a low-stress investment opportunity. Welcome to The Luxe, London's premier destination for Western students looking for a newer building within walking distance to Western University. This state-of-the-art residence features beautifully designed suites and world-class amenities: Onsite Starbucks, billiards lounge, games room, 24 hour fitness centre, yoga studio, 40 person movie theatre, roof top patio, spa lounge, extensive security cameras, a study hall and a full time onsite staff. This unit accommodates 2 independent tenants and features a gourmet kitchen with granite, expansive floor to ceiling windows, suite controlled heating. Heat, water, central air all included in condo fee.
Property details
Basement
None
Type
Condo Apartment — Apartment
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Established subdivision east of Masonville surrounded by the Stoney Creek Valley.
Monthly payment estimate
Land transfer tax
Ontario LTT
$5,973
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$485,000
607 - 1235 Richmond Street, London East
Sold$487,000
614 - 1235 Richmond Street, London East
See all 10 comparables
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Market conditions · East B
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
$1,900
Rental yield
4.8%
Est. cash flow
-$1,225
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$117,199
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$465,877
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