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$ 619,999
Est. payment /mo
Active Under Contract
1235 Richmond ST #517 London East, ON N6A 0C1
3 Beds
2 Baths
UPDATED:
Key Details
Property Type Condo
Sub Type Condo Apartment
Listing Status Active Under Contract
Purchase Type For Sale
Approx. Sqft 1000-1199
Subdivision East B
MLS Listing ID X12855028
Style 1 Storey/Apt
Bedrooms 3
HOA Fees $629
Annual Tax Amount $3,923
Tax Year 2026
Property Sub-Type Condo Apartment
Property Description
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!
Location
Province ON
County Middlesex
Area Middlesex
Rooms
Basement None
Kitchen 1
Interior
Interior Features None
Cooling Central Air
Laundry In-Suite Laundry
Exterior
Parking Features Underground
Garage Spaces 1.0
Exposure South
Total Parking Spaces 1
Balcony None
Lited by HOMELIFE/MIRACLE REALTY LTD
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145 Wharncliffe Rd S, London, ON, N6J 2K4, CAN
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