1570 Richmond Street #7
London North, N6G 4W1·MLS® X13557412
Listing courtesy of Re/max Excellence Real Estate·Updated Jul 13
Listing price
$499,999
Est. $2,381/mo
Days on market
Listed Jul 13, 2026
Description
Prime Location! Welcome to The Gables, just minutes from Western University, University Hospital, Masonville Place, transit, shopping, restaurants, and downtown London. This spacious townhouse offers 3 finished levels with 5 bedrooms, 3 bathrooms, a bright main floor with upgraded flooring, gas fireplace, open kitchen and dining area, plus a finished basement featuring a bedroom, office, and private 3-piece bath. Enjoy a private rear deck and exclusive front patio. Low condo fees make this an excellent opportunity for homeowners and investors alike. Outstanding investment potential! 2 Rooms were rented for $850-$875/month each; 2 rooms were rented $750/M basement suite with den & private bath @ ~$1,000/month. Estimated rental potential is approximately $4,250/month which gives roughly $1000/m positive cash flow. A great opportunity for investors or parents looking to house children attending Western University while offsetting ownership costs.Tankless water Heater Owned.Certain photos have been virtually staged for illustrative purposes to demonstrate the room's space and potential.
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Property details
- Type
- Condo Townhouse — 2-Storey
- Interior
- 1400-1599 sqft
- Rooms
- 8 rooms
- Bathrooms
- 1 × 4-piece on Second, 1 × 2-piece on Main, 1 × 3-piece on Basement
- Basement
- Finished, Full
- Heating
- Forced Air
- Cooling
- Central Air
- Exterior
- Brick, Vinyl Siding
- Garage
- 1 car Detached
- Parking
- 3 spaces
- Condo fee
- $575/mo
- Fee includes
- Y
- Property tax
- $4,127/yr (2026)
Rooms
Main
- Dining Room
- 4.43 × 2.74 m
- Kitchen
- 3.59 × 4.04 m
- Bedroom 4 — Gas Fireplace
- 4.64 × 4.8 m
Second
- Bedroom 2
- 5.59 × 2.56 m
- Primary Bedroom
- 4.81 × 5.25 m
- Bedroom 3
- 4.53 × 2.57 m
Basement
- Office
- 4.65 × 3.03 m
- Bedroom
- 5.31 × 5.22 m
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
82% confidence · 24 sold homes within 2 km, by price per sq ft
Location & neighbourhood
Monthly paymentMortgage, tax and fees
Monthly payment estimate
Land transfer taxOne-time, on closing
Ontario LTT
$6,475
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 2 times · asking price down 9% from the first ask
Listed Jul 13, 2026
Listed Jun 29, 2026 · 13 days on market
Jul 12, 2026
13 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$495,000
9 - 703 Windermere Road, London North
Sold$525,000
125 - 1500 Richmond Street, London North
See what these 6 homes sold for
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Market conditionsLondon North · last 90 days
Avg. sold price
$505,833
Sale-to-list ratio
96.6%
Based on 6 recent comparable sales near this home.
AffordabilityWhat income this home needs
Minimum household income required
$122,889
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$453,477
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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