$339,000 - 695 Richmond Street Unit 1111, London East
Condo for Sale in London East
37 days on market- MLS Number
- X13123156
- Property Type
- Condo
- Status
- active
- Days on Site
- 37
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- North East
- Balcony
- None
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to Unit 1111 at 695 Richmond Street - London's Premier Address on Richmond Row Perched on the 11th floor of one of London's most iconic condo buildings, this spacious 2-bedroom, 1,322 sq ft residence delivers the ultimate downtown London lifestyle. Enjoy sweeping city views and an abundance of natural light in a generously sized layout perfectly suited for professionals, couples, or savvy investors.695 Richmond Street is London's premier Richmond Row condominium complex, featuring 24-hour concierge, an in-ground saltwater pool, and environmentally friendly geothermal heating and central air - keeping your monthly costs impressively low. This unit includes the added convenience of your own underground parking spot, a coveted feature in the heart of downtown. Step outside and you're surrounded by the best of Richmond Row - London's premier shopping, dining, and entertainment district, with Victoria Park, major city bus routes, and on-site conveniences including Tim Hortons, Pita Pit, and more all within easy reach. Western University is just a ten-minute bus ride away, and the recently updated indoor pool area, workout room, and terrace round out an amenity package that's hard to beat. At over 1,300 square feet with 2 bedrooms, in-suite amenities, and a private underground parking spot, this suite represents rare value in the heart of downtown London - space, style, and lifestyle all in one address.
Estimate your monthly payments for this property
Estimated Payment
$1,739.25/mo
Includes CMHC insurance ($9,458)
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 East
London East 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 East
- •Convenient location in London East
- •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 East 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.
695 Richmond Street Unit 1111, London East
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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 $283/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 37 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.
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.