$619,000 - 1500 Richmond Street Unit 56, London North
Condo for Sale in London North
- MLS Number
- X12898302
- Property Type
- Condo
- Status
- active
- Days on Site
- 17
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- THE REALTY FIRM INC.
This beautiful end-unit condo with a double car garage offers exceptional privacy and convenience in London's highly desirable North End, a sought-after area known for its peaceful setting and prime proximity to major amenities. Step inside to a grand foyer with soaring ceilings that immediately welcomes you with warmth and light. A few steps up lead to the open-concept main floor, where the layout flows effortlessly from an eat-in kitchen to a spacious dining room. Double doors open to a brand-new deck-your private outdoor oasis, shielded by a high wall and mature trees behind, creating a serene, secluded retreat perfect for relaxing or entertaining. To the side, enjoy the added tranquility of adjacent green space, ensuring quiet enjoyment year-round. The cozy living area features a welcoming fireplace, with extra space ideal for gatherings or everyday comfort. The primary bedroom suite is a true retreat-bright and generously sized, complete with a large ensuite bathroom and expansive walk-in closet that leaves nothing to be desired. A second spacious bedroom and a full bath provide plenty of room for guests, family, or a home office setup. Convenient main-floor laundry completes this level. The lower level expands your living options with a large foyer offering direct access to the insulated double-car garage. A versatile rec room awaits, perfect for a home office, workout space, media area, or playroom. A beautifully renovated 3-piece bathroom adds functionality, while an impressive 33 x 10 ft utility room provides abundant storage-or transform it into a workshop, hobby space, or extra storage haven. Located just minutes from University Hospital, Western University, top-tier shopping, dining, and everyday essentials, this condo combines peaceful living with unbeatable accessibility. Don't miss your opportunity to own this exceptional property in one of London's most convenient and desirable neighborhoods!
Estimate your monthly payments for this property
Estimated Payment
$3,175.79/mo
Includes CMHC insurance ($17,270)
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 56, 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 25+ years of GTA real estate experience
Competitive Pricing
At $442/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.
Market Position
At 17 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,579 (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.