$364,900

For saleJust listed

#501 1510 Richmond Street, London North (North G) - Single Family for Sale

#501 1510 Richmond Street, London North (North G), Ontario, N6G4V2

2 beds2 baths1 parking1,300 ft²$404/mo condo feeListed 4 days ago

Overview

This 2-bedroom, 2-bathroom condo in London North is for sale offering roughly 1,300 sq ft of space. Listed at $364,900, it is attractively priced about 28% below the $509,000 median asking price in London North. It has been on the market 4 days, fresher than the London North average of 42 days.

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Description

Bright, spacious, and full of potential, this 2-bedroom, 2-bathroom condo offers comfortable living in one of North London's most sought-after neighbourhoods. Enjoy exceptional walkability with Masonville Place, Western University, the Ivey Business School, University Hospital, restaurants, grocery stores, parks, transit, and countless everyday amenities just minutes away. The thoughtfully designed layout features a bright sunroom that's ideal as a home office or reading nook, a separate breakfast area, convenient in-suite laundry, and a private ensuite bathroom off the primary bedroom. Tucked back from Richmond Street, this very secure, well-managed building offers a peaceful setting along with secure covered parking. Whether you're a first-time buyer, downsizer, or investor, this bright and spacious condo presents an outstanding opportunity to update to your own style while enjoying an unbeatable Masonville location. (id:66096)

Property Details

MLS®: X14138826
Property Type: Single Family
Zoning: Condo R9-7
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Covered, Other
Condo Fee: $404/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,152/yr
Listed: 4 days ago

Rooms

Main level

Living room: 3.6 x 3.85 meters
Dining room: 3.6 x 3.32 meters
Kitchen: 3.72 x 2.39 meters
Eating area: 3.17 x 2.58 meters
Bedroom: 5.84 x 3.56 meters
Bedroom 2: 3.84 x 2.9 meters
Sunroom: 1.81 x 2.81 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Exterior: Concrete
Lot Features: Elevator, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

London North (North G) listings, avg age

42d

Price / ft²

$281

List price

$365K

Haho

This 2-bed single family in London North (North G) has been listed for 4 days, which is 38 days fresher than the city average of 42. Act while there is still low competition.

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Listed by THE REALTY FIRM INC. · CHRIS WILLIAM GRAHAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6G)

This home lists at $364,900, about 3.8× the local median household income of $96,000.

Carrying it typically needs a household income of about $71,278 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 50,940
Median age: 36.4
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N6G)

$364,900· $281/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,245

Min 5%50%

Mortgage payment$1,922/mo

↳ CMHC premium ($13,866 capitalized)

Property tax (est.)$263/mo

Condo fee$404/mo

Total monthly$2,589

Cash Needed to Close

Down payment (5%)$18,245

Land transfer tax$3,949

Est. closing costs$3,595

Total cash needed$25,789

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