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$950,000

Estimated value $903K–$998K

Est. $4,451/mo mortgage

5+2bd·4ba·1,500-2,000sqft

1051 Richmond Street · London, N6A 3J7

MLS® X13725258

47 days on market47 days on market

Listed Aug 29, 2026

Listing courtesy of Re/max Advantage Realty LTD.·Listing last changed Sep 3

Key facts

Property type
Detached
Square footage
1500-2000 sqft
Lot size
26.5 × 80 ft
Parking
2 spaces
Property tax
$5,130/yr (2025)

Description

ATTENTION INVESTORS/ FIRST TIME HOME BUYERS/ LARGE FAMILIES/ This Old North property has a lot of flexibility for a mortgage helper, main residence or room rental housing investment to add to your portfolio. Offering 7 bedrooms plus a potential 8th bedroom, 3+1 bathrooms and licensed rental status for 7 bedrooms, this character-filled century home could make a great investment property or can be a spacious family home in one of London's most desirable neighbourhoods.Walking in, you're welcomed by an oversized mudroom with plenty of room for coats, shoes and storage. From there, the home opens into a massive living room featuring original hardwood floors that carry through into the oversized dining room, creating a warm and inviting space for entertaining or everyday living.The kitchen sits at the rear of the home with original cabinetry and direct access to the fully fenced backyard. A convenient 2-piece bathroom completes the main level.Upstairs, the second floor features four generously sized bedrooms, all with hardwood flooring and ceiling fans, along with a 4-piece bathroom. Continue to the third level where you'll find two additional bedrooms, another 4-piece bathroom and a potential 8th bedroom with a slightly lower ceiling height and a walk-in closet. This level also includes a dedicated fire exit leading to the backyard . The lowest level has 2 bedrooms, a 3-piece bathroom and laundry/utility. Outside, enjoy a fully fenced yard with green space, a fire pit and a small porch area.Located right on Richmond Street, you're within walking distance to downtown, close to Western University, St. Joseph's Hospital, grocery, bars and amenities, with bus routes directly in front of the home connecting you throughout the city.Whether you're considering student housing, professional rentals or a beautiful Old North family home, this property offers plenty of opportunity. Contact for financials and additional property information.

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Property details

Interior

Size
1500-2000 sqft
Bedrooms
5 above grade, 2 lower level
Rooms
9 rooms
Bathrooms
1 × 2-piece on Main, 1 × 4-piece on Second, 1 × 4-piece on Third, 1 × 3-piece on Lower
Basement
Partially Finished
Heating
Forced Air
Cooling
None

Building & lot

Type
Detached, 2 1/2 Storey
Lot size
26.5 × 80 ft
Exterior
Brick, Aluminum Siding
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
2 car None
Parking
2 spaces

Fees & taxes

Property tax
$5,130/yr (2025)

Rooms

Main

Dining Room
5.06 × 2.24 m
Living Room
6.1 × 3.35 m
Kitchen
3.44 × 2.65 m
Foyer
2.26 × 2.11 m

Second

Bedroom 2
3.75 × 2.82 m
Bedroom 4
5.49 × 2.47 m
Bedroom 3
3.28 × 3.05 m
Bedroom
3.25 × 2.59 m

Third

Bedroom 5
3.75 × 3.02 m
Office
3.2 × 2.29 m

Lower

Utility Room
4.42 × 2.56 m
Bedroom
6.01 × 3.26 m
Bedroom
3.28 × 3.17 m

Estimated value range

$903K–$998K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Old North →

London East, ON

Tree-lined streets, heritage homes, walkable to Richmond Row.

Schools nearbyclosest is Old North Public School, 520 m

Elementary

  • Old North Public School

    520 m · Grades JK-8

    Thames Valley District School Board

    8.4
  • St Georges Public School

    1000 m · Grades JK-8

    Thames Valley District School Board

    8.0
  • St Michael Separate School

    1.1 km · Grades JK-8

    London District Catholic School Board

    5.7

Secondary

  • London Central Secondary School

    2.0 km · Grades 9-12

    Thames Valley District School Board

    8.0
  • Catholic Central High School

    2.4 km · Grades 9-12

    London District Catholic School Board

    5.7
  • École secondaire catholique Monseigneur-Bruyère

    2.4 km · Grades 9-12

    Conseil scolaire de district des écolesCatholique

    6.3

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $5,326/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$4,451
Property tax$428
Insurance (est.)$198
Utilities (est.)$250
Total monthly$5,326
Land transfer tax$15,475 on closing

Ontario LTT

$15,475

First-time rebate

−$4,000

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

Price & listing history

$950,000

Listed Aug 29, 2026

On the market

Sold comparables nearby

Sold

218 Rathowen Street, London North

5 bd·7 ba·2,000-2,500 sqft
1066 Richmond Street, London EastSold

1066 Richmond Street, London East

5 bd·2 ba·1,500-2,000 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsOld North · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$772,083

Sale-to-list ratio

95.4%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $230,000 household income

Minimum household income required

$230,000

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.

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Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

No obligation. Pick a time that suits you.

226-212-5099 · colin@searchlondonhomes.com

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