1570 Richmond Street Unit 34, London North

Price: $430,000

3 bedrooms, 3 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13341036

The Gables. Location!! minutes to Transit, Western University, University Hospital, Masonville Mall. Buy with confidence! Tenant has already secured another home, N11 signed. 24 hours notice required for showings. Basement one bedroom , can be converted to 2 bedrooms. Renovated kitchen with quartz counters and subway tiled backsplash, upgraded bathrooms with quartz counters and glass showers, Tiled floors - ground ; Laminate floors 2nd floor and basement. Property management in process of installing new fences between townhouses.

1570 Richmond Street Unit 34 - Condo photo 1 of 12 in London North, Ontario
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1570 Richmond Street Unit 34 - Condo photo 12 of 12 in London North, Ontario
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$430,000 - 1570 Richmond Street Unit 34, London North

Condo for Sale in London North

Popular Listing
3Beds
3Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13341036
Property Type
Condo
Status
active
Days on Site
13
Bedrooms
3
Bathrooms
3
Square Feet
1,200 sqft
Neighbourhood
London North
Locker
None
Exposure
North East
Balcony
None
Listing Brokerage
RE/MAX ELITE REAL ESTATE
Description

The Gables. Location!! minutes to Transit, Western University, University Hospital, Masonville Mall. Buy with confidence! Tenant has already secured another home, N11 signed. 24 hours notice required for showings. Basement one bedroom , can be converted to 2 bedrooms. Renovated kitchen with quartz counters and subway tiled backsplash, upgraded bathrooms with quartz counters and glass showers, Tiled floors - ground ; Laminate floors 2nd floor and basement. Property management in process of installing new fences between townhouses.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,206.12/mo

Includes CMHC insurance ($11,997)

$
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5%10%50%

5-yr fixed avg.

Principal: $387,000Interest: $262,840
Mortgage Amount$398,997
Total Interest$262,840
Est. Property Tax$305/mo
Total Cost$661,837

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.

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Neighbourhood Guide: London North

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

1570 Richmond Street Unit 34, London North

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
4.9%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$305
Insurance (est.)-$90
Net Cash Flow+$1,745

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $358/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.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

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.

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.

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