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$895,000

Estimated value $850K to $940K

Est. $4,193/mo mortgage

5+2bd·4ba·1,500-2,000sqft

1051 Richmond Street · London, N6A 3J7

MLS® X14091110

Listed yesterdayListed yesterday

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.

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. $5,056/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$4,193
Property tax$428
Insurance (est.)$186
Utilities (est.)$250
Total monthly$5,056
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

$895,000

Listed yesterday

On the market

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

Sold comparables nearby

7 Chalmers Street, London EastSold

7 Chalmers Street, London East

4 bd·3 ba·2,000-2,500 sqft
960 Richmond Street, London EastSold

960 Richmond Street, London East

5 bd·3 ba·1,500-2,000 sqft

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.

Buyer's marketBalancedSeller's market

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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Colin Abbot

Broker

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(226) 212-5099 · colin@searchlondonhomes.com

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