$474,900 - 695 RICHMOND Street Unit 903, London East
Condo for Sale in London East
100 days on market- MLS Number
- X12870154
- Property Type
- Condo
- Status
- active
- Days on Site
- 100
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome to unit #903 at 695 Richmond Street a gorgeously renovated 2-bedroom condo in the heart of downtown London, just steps to vibrant restaurants, shopping, transit and minutes to beautiful Victoria Park. Enjoy peaceful treetop views and glimpses of the scenic Thames River from this bright and stylish urban retreat. The stunning custom kitchen is a true showpiece, featuring custom cabinetry, a statement range hood, tiled backsplash, and distinctive wood barn beam floating shelves that add warmth and character to the space. The gorgeous white granite island with seating creates the perfect gathering hub, beautifully complemented by stainless steel appliances (2022). The open-concept living and dining area is warm and inviting, ideal for entertaining or relaxing after a busy day. The spacious primary bedroom includes a walk-in closet, while the second bedroom offers flexibility for a roommate, guest room, or home office. A well-appointed 4-piece bathroom and convenient in-suite laundry room complete the functional layout. An exceptional opportunity for parents of university students looking for a safe, secure, and smart investment. Rather than paying rent, invest in ownership while providing your student with a comfortable, well-appointed home in a professionally managed building. With convenient bus routes offering direct access to Western University and other post-secondary campuses, this location delivers peace of mind, accessibility, and long-term value. Residents enjoy premium amenities including 24-hour concierge service, secure entry, a fully equipped gym, saltwater pool, sauna, and an outdoor patio area. One parking space is included, with the option to rent additional parking if needed. Located in one of London's most desirable urban addresses, this exceptional condo offers convenience, security, and lifestyle all in one. Stylish, secure, and superbly located this is downtown living at its best.
Estimate your monthly payments for this property
Estimated Payment
$2,436.48/mo
Includes CMHC insurance ($13,250)
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 903, 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 $528/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 100 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.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.