$379,000 - 695 Richmond Street Unit 708, London East
Condo for Sale in London East
116 days on market- MLS Number
- X12569600
- Property Type
- Condo
- Status
- active
- Days on Site
- 116
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- North East
- Balcony
- None
- Listing Brokerage
- BAY STREET GROUP INC.
Located in the center of downtown London. This 2 bedrooms, 2 full bathrooms condo apartment has a spacious living room with natural light from the expansive windows. All wood flooring. The primary bedroom has an incredible closet space and bathtub. The kitchen features dishwasher and other appliances. Additional highlights include a in-unit washer/dryer, several closets and a storage room. Parking spot is underground and assigned to the owners by the building. The building has a secure entryway with 24/7 concierge service, as well as a pool, sauna room, and a newly updated gym. You can enjoy many different food in the down town area. Fanshawe College and Central Secondary School are within walking distance. Direct bus to Western University and The grocery store is just across the street. The unit is vacant and ready for you. This is a great opportunity.
Estimate your monthly payments for this property
Estimated Payment
$1,944.47/mo
Includes CMHC insurance ($10,574)
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 708, 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 $316/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.
Negotiation Opportunity
At 116 days on site, this property has exceeded the typical selling timeline for London East. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.