1235 RICHMOND Street
London, Ontario
3 bed • 2 bath • Single Family
Rare opportunity to own a premium 3-bedroom, 2-bathroom corner suite in LuxeLondon, the city's premier luxury student residence. Perfectly positioned at thegates of Western University, this unit offers an investor's dream: a professionalrental management company that GUARANTEES the rent and handles all tenantplacement-providing a truly passive, hands-off income stream. Generating $37,200 inannual gross income against a $619k purchase price, this is one of thehighest-yielding residential assets in the market.This sun-drenched suite comes fully furnished and features a modern kitchen withgranite counters and stainless steel appliances. UNMATCHED PERK: This unit includesa highly coveted PARKING SPACE-a rare and valuable asset in this building thatsignificantly boosts resale value and tenant demand. Residents enjoy world-classamenities: a 40-seat movie theatre, 24/7 fitness centre, yoga studio, rooftopterrace with panoramic city views, sauna, and a business lounge. Footsteps toRichmond Row, Masonville Mall, and transit. Whether you are looking to diversifyyour portfolio or start your investment journey with a sure thing, this is theone. Low stress, high return, and a location that will never go out of style!
Price History
Schools
Elementary
- St. Kateri Separate School1.2 km
Catholic · London District Catholic School Board · 370 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Old North Public School1.5 km
Public · Thames Valley DSB · 465 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 86% met the provincial standard
- Stoneybrook Public School1.8 km
Public · Thames Valley DSB · 570 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 70% met the provincial standard
Secondary
- École secondaire catholique Monseigneur-Bruyère2.7 km
French Catholic · Conseil scolaire catholique Providence · 245 students
Grade 10 literacy: 93% met the provincial standard
- A B Lucas Secondary School2.7 km
Public · Thames Valley DSB · 1495 students
Grade 10 literacy: 85% met the provincial standard
- London Central Secondary School3.2 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in London · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of single family properties in London over the last 12 months.
Location
Mortgage Calculator
$124,000
Estimated Monthly Payment
$3,046
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,046/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $155/mo
Estimates only. Consult a financial advisor.
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