1051 Richmond Street · London, N6A 3J7
MLS® X14091110
Listing courtesy of Re/max Advantage Realty LTD.·Listing last changed 2 hours ago
Key facts
- Property type
- Detached
- Square footage
- 1,500-2,000 sqft
- Lot size
- 26.5 × 80 ft
- Parking
- 4 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 a rental investment to add to your portfolio. Located in one of Londons most desirable neighbourhoods, this is a character-filled century home has a rental licence for 7 bedrooms, with 3+1 bathrooms. 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 within walking distance to downtown, Western University, St. Joseph's Hospital, grocery, and all amenities... Directly on a bus route! Whether you're considering student housing, professional rentals or a beautiful Old North family home, this property offers plenty of opportunity.
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Bedrooms
- 5 above grade, 2 lower level
- Rooms
- 12 rooms
- Bathrooms
- 1 × 2-piece, 1 × 3-piece on Lower, 1 × 4-piece on Second, 1 × 4-piece on Third
- Basement
- Partially Finished
- Heating
- Forced Air
- Cooling
- None
Building & lot
- Type
- Detached, 2 1/2 Storey
- Lot size
- 26.5 × 80 ft
- Exterior
- Brick, Wood
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 4 car None
- Driveway
- Private (4 spaces)
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $5,130/yr (2025)
Estimated value range
$850K to $940K
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.
Schools nearbyclosest is Old North Public School, 520 m
Elementary
- 8.4
Old North Public School
520 m · Grades JK-8
Thames Valley District School Board
- 8.0
St Georges Public School
1000 m · Grades JK-8
Thames Valley District School Board
- 5.7
St Michael Separate School
1.1 km · Grades JK-8
London District Catholic School Board
Secondary
- 8.0
London Central Secondary School
2.0 km · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
2.4 km · Grades 9-12
London District Catholic School Board
- 6.3
École secondaire catholique Monseigneur-Bruyère
2.4 km · Grades 9-12
Conseil scolaire de district des écolesCatholique
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. $5,056/mo all in
Monthly payment estimate
Land transfer tax$14,375 on closing
Ontario LTT
$14,375
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 yesterday
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold7 Chalmers Street, London East
Sold960 Richmond Street, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.5 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 95.2% of asking.
Avg. sold price
$761,000
Sale-to-list ratio
95.2%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $211,000 household income
Minimum household income required
$211,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
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