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For sale
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$474,900

Est. $2,225/mo mortgage

2bd·2ba·900-999sqft

1235 Richmond Street #1107 · London East, N6A 0C1

MLS® X13496374

91 days on market91 days on market

Listed Jun 26, 2026

Listing courtesy of Exp Realty·Updated Jul 11

Description

Welcome to Luxe London. An ideal turnkey investment opportunity featuring one of larger 900+ sqft , 2 bedroom, 2 Bath fully furnished units that offer stunning park views within walking distance to Western University. This guaranteed rental managed by Craft Property management ensures that you enjoy the increasing equity with none of the worries and no vacant units at any time. Just leased for $2650 from May 2026 till April 2027. The suite boasts a gourmet granite kitchen, floor-to-ceiling windows, and inclusive condo fees (heat, water, and AC).

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Property details

Interior

Size
900-999 sqft
Rooms
6 rooms
Bathrooms
2 × 3-piece on Flat
Basement
None
Heating
Forced Air
Cooling
Central Air
Laundry
N

Building & lot

Type
Condo Apartment, Apartment
Exterior
Concrete, Brick
Storeys
11
Exposure
East

Parking

Locker
None

Fees & taxes

Condo fee
$567/mo
Fee includes
heat, water
Pets
No
Property tax
$3,655/yr (2026)
Corporation
MSCP 854
Managed by
Craft Property Group

Rooms

Flat

Kitchen
3.96 × 3.65 m
Bedroom
5.27 × 2.89 m
Living Room
5.36 × 3.07 m
Bedroom 2
5.18 × 2.83 m

AI property estimate

$335,000Estimate is ~29.5% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$301,500$368,500

74% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Stoneybrook

London East, ON

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

Monthly paymentest. $3,427/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,225
Property tax$286
Insurance (est.)$99
Utilities (est.)$250
Condo fee$567
Total monthly$3,427
Land transfer tax$5,973 on closing

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

$474,900

Listed Jun 26, 2026

On the market

Sold comparables nearby

309 - 693 Windermere Road, London NorthSold

309 - 693 Windermere Road, London North

2 bd·2 ba·1,600-1,799 sqft
204 - 693 Windermere Road, London NorthSold

204 - 693 Windermere Road, London North

2 bd·2 ba·1,400-1,599 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Argyle

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.1% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$441,833

Sale-to-list ratio

95.1%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $118,000 household income

Minimum household income required

$118,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$1,895/mo median for 2 bed nearby

$1,895/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 45 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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