1228 Richmond Street · London, N6A 3M2
MLS® X14102416
Listed Oct 21, 2026
Listing courtesy of Blue Forest Realty INC.·Listing last changed 5 days ago
Key facts
- Property type
- Detached
- Square footage
- 1,100-1,500 sqft
- Lot size
- 35.5 × 125 ft
- Parking
- 4 spaces
- Property tax
- $5,959/yr (2026)
Description
Location, location, location! Situated just steps from the gates of Western University, 1228 Richmond Street presents an exceptional turn-key investment opportunity. This solid 2-storey brick property features parking for 4 vehicles and major capital upgrades, including an energy-efficient heat pump (2025), upgraded attic insulation (2025), and a new hot water tank (2024). The main residence boasts original hardwood floors, classic wood trim, a spacious kitchen, 4 bedrooms (1 main, 3 upper), a full bath, upper-level laundry, and a large deck overlooking a low-maintenance green space. A separate side entrance leads to a basement unit with 2 bedrooms, 1 bath, kitchen, living room and private laundry. Unmatched convenience and income potential in a prime corridor of London.
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Property details
Interior
- Size
- 1,100-1,500 sqft
- Bedrooms
- 4 above grade, 2 lower level
- Rooms
- 8 rooms
- Bathrooms
- 1 × 4-piece on Second, 1 × 3-piece on Basement
- Basement
- Finished, Separate Entrance, Apartment
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, 2-Storey
- Lot size
- 35.5 × 125 ft
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Private (4 spaces)
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $5,959/yr (2026)
Rooms
Main
- Foyer
- 1.96 × 3.05 m
- Kitchen
- 3.86 × 3.57 m
- Living Room, Fireplace
- 3.87 × 5.62 m
- Bedroom
- 3.86 × 4 m
Second
- Bedroom 2
- 2.91 × 3.65 m
- Bedroom 4
- 3.17 × 3.53 m
- Laundry
- 2.07 × 1.88 m
- Bathroom, 4 Pc Bath
- 3.88 × 2.46 m
- Primary Bedroom
- 4.03 × 3.6 m
Basement
- Primary Bedroom
- 2.71 × 3.22 m
- Living Room
- 5.98 × 3.92 m
- Bathroom, 3 Pc Bath
- 2.44 × 1.55 m
- Bedroom 5
- 2.56 × 3.6 m
- Kitchen
- 2.44 × 2.8 m
- Laundry
- 1.98 × 2.28 m
Estimated value range
$760K to $840K
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 St. Kateri Separate School, 1.3 km
Elementary
- 8.0
St. Kateri Separate School
1.3 km · Grades JK-8
London District Catholic School Board
- 8.4
Old North Public School
1.3 km · Grades JK-8
Thames Valley District School Board
- 5.7
St Michael Separate School
1.8 km · Grades JK-8
London District Catholic School Board
Secondary
- 6.3
École secondaire catholique Monseigneur-Bruyère
2.6 km · Grades 9-12
Conseil scolaire de district des écolesCatholique
- 6.8
A B Lucas Secondary School
2.7 km · Grades 9-12
Thames Valley District School Board
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. $4,661/mo all in
Monthly payment estimate
Land transfer tax$12,473 on closing
Ontario LTT
$12,473
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 Oct 21, 2026
Sold comparables nearby
Sold971 Wellington Street, London East
Sold1426 Hastings Drive, London North
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
7 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 90.7% of asking.
Avg. sold price
$1,079,333
Sale-to-list ratio
90.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $193,000 household income
Minimum household income required
$193,000
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.
Not sure about financing? Ask Colin →Rental market$3,200/mo median for 4 bed nearby
$3,200/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 19 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.
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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