Homes for Sale in London, Ontario
1570 Richmond Street #7
London North, N6G 4W1·MLS® X13557412·
Listing courtesy of Re/max Excellence Real Estate·Updated 7 hours ago
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.
Property details
Garage
1 car Detached
Basement
Finished, Full
Parking
3 spaces
Type
Condo Townhouse — 2-Storey
Heating
Forced Air
AI property estimate
58% confidence · 11 sold homes within 2 km, by price per sq ft
Location & neighbourhood
Monthly payment estimate
Land transfer tax
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
Sold comparables nearby
Sold$525,000
125 - 1500 Richmond Street, London North
Sold$565,000
1 - 70 Sunnyside Drive, London North
See all 10 comparables
Create a free account to unlock premium data.
Market conditions · North G
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
$2,000
Rental yield
4.8%
Est. cash flow
-$1,277
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$122,889
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$564,700
Connect with an agent
By submitting, you agree to receive communications from London Home Search and its affiliated agents. You can unsubscribe at any time.
Get notified about similar homes
New condo townhouse listings in North G.