$574,999 - 1500 Richmond Street Unit 107, London North
Condo for Sale in London North
Popular Listing- MLS Number
- X13413908
- Property Type
- Condo
- Status
- active
- Days on Site
- 10
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RINEHART REALTY
Welcome to Unit #107 at 1500 Richmond Street, an extensively updated corner unit condo offering an impressive amount of living space, an attached garage, driveway parking, and a functional layout designed for everyday living! Thoughtfully refreshed throughout, this home features new flooring, a beautifully updated kitchen with refinished cabinetry, a new countertop and sink, bathroom upgrades, and a recent furnace, roof, and skylight, allowing you to move in and simply enjoy. Step inside and you'll find a bright foyer that leads into the heart of the home. The open concept kitchen, dining, and living areas flow seamlessly together, creating a welcoming space for everyday life and entertaining. The refreshed kitchen offers abundant cabinetry, generous workspace, a large centre island, a recent dishwasher, and a clean modern feel that ties the main living space together beautifully. The main floor features two bedrooms and two full bathrooms, including a spacious primary bedroom with an updated 5pc ensuite. A second bedroom and additional 4pc bathroom complete the level. Downstairs, the finished lower level adds incredible flexibility with a large rec room, two additional bedrooms, a 3pc bathroom, kitchenette, storage space, and utility/laundry room. Ideal for guests, extended family, or additional living space. Outside, the patio offers a comfortable place to relax during the warmer months. Additional updates include a recent washer and dryer, fresh paint throughout the upper level, a new entry door, updated interior door hardware, a new banister, and new toilets. With four bedrooms, three full bathrooms, extensive updates throughout, and a spacious layout rarely found in condo living, this is a wonderful opportunity to call North London home
Estimate your monthly payments for this property
Estimated Payment
$2,950.04/mo
Includes CMHC insurance ($16,042)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London North
London North is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London North
- •Convenient location in London North
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London North offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1500 Richmond Street Unit 107, London North
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $411/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London North. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: London North properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,396 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.