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For sale
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$509,000

Est. $2,385/mo mortgage

4bd·4ba·1,600-1,799sqft

1548 Richmond Street #31 · London North, N6G 4W8

MLS® X13814238

1 day on marketListed yesterday

Listed Sep 22, 2026

Listing courtesy of Century 21 King`s Quay Real Estate INC.·Updated 7 hours ago

Description

Perfectly positioned in a quiet and private setting within the highly desirable Richmond Manor community, this spacious 3-storey townhouse offers an exceptional combination of comfort, flexibility, and investment potential. Featuring 4 above-grade bedrooms, 3.5 bathrooms, including 2 private ensuites, the home offers a versatile layout ideal for growing families, multi-generational living, or investors.Tucked further inside the community, the property enjoys a more peaceful setting with enhanced privacy while remaining conveniently close to everything North London has to offer. The main-floor bedroom with its own ensuite provides exceptional flexibility, making it ideal for family members seeking a private living space or for tenants who value privacy-an especially attractive feature for room-by-room rentals.The bright, open-concept second level features a spacious living and dining area with a cozy gas fireplace, an eat-in kitchen, convenient in-suite laundry, and a walkout to a private backyard deck. The third floor offers three additional bedrooms, including a generous primary suite with its own ensuite.With 4 above-grade bedrooms and a highly functional layout, the property offers excellent rental potential and the flexibility to maximize income by leasing all four bedrooms individually. Additional features include a single-car garage, driveway parking, and ample visitor parking for added convenience.Ideally located just minutes from Western University, University Hospital, Masonville Place, restaurants, parks, and public transit, this home is situated in one of London's most established rental areas. Whether you're an investor looking for strong tenant demand and income potential, or a family seeking space, privacy, and a convenient North London location, this property offers an outstanding opportunity.

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Property details

Interior

Interior
1600-1799 sqft
Rooms
7 rooms
Bathrooms
1 × 3-piece on Third, 1 × 2-piece on Second, 1 × 3-piece on Ground, 1 × 3-piece on Second
Basement
None
Heating
Forced Air
Cooling
Central Air
Laundry
N

Building & lot

Type
Condo Townhouse, 3-Storey
Age
31-50 years
Exterior
Aluminum Siding, Brick
Foundation
Other
Roof
Shingles
Storeys
1
Exposure
South

Parking

Garage
1 car Attached
Parking
2 spaces
Locker
None

Fees & taxes

Condo fee
$480/mo
Fee includes
parking
Pets
Yes-with Restrictions
Property tax
$5,314/yr (2025)
Corporation
MCC 208
Managed by
Arnsby

Rooms

Main

Primary Bedroom, 3 Pc Ensuite
5 × 4 m

Second

Dining Room
4.63 × 3.33 m
Breakfast
4 × 3.67 m
Family Room, Fireplace
7 × 4 m

Third

Primary Bedroom, 3 Pc Ensuite
5 × 4.33 m
Bedroom 3
3.33 × 3.33 m
Bedroom 2
4.33 × 3.67 m

AI property estimate

$485,675Estimate is ~4.6% below asking

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

$437,108$534,243

81% confidence · 24 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Masonville

London North, ON

Upscale living near Western University and Masonville Place.

Monthly paymentest. $3,527/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,385
Property tax$307
Insurance (est.)$106
Utilities (est.)$250
Condo fee$480
Total monthly$3,527
Land transfer tax$6,655 on closing

Ontario LTT

$6,655

First-time rebate

$4,000

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

Price & listing history

$509,000

Listed Sep 22, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

56 - 70 Sunnyside Drive, London NorthSold

56 - 70 Sunnyside Drive, London North

4 bd·4 ba·1,800-1,999 sqft
125 - 1500 Richmond Street, London NorthSold

125 - 1500 Richmond Street, London North

4 bd·3 ba·1,800-1,999 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London North

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.8% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$500,000

Sale-to-list ratio

95.8%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $126,000 household income

Minimum household income required

$126,000

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$3,500/mo median for 4 bed nearby

$3,500/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 28 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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