$334,900 - 695 Richmond Street Unit 904, London East
Condo for Sale in London East
59 days on market- MLS Number
- X13026732
- Property Type
- Condo
- Status
- active
- Days on Site
- 59
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to 695 Richmond Street-an established 18-storey condominium in the heart of vibrant Richmond Row, offering exceptional convenience and urban lifestyle. This well-appointed 1 bedroom + Bedroom/Den "Canterbury" model provides approximately 940 sq ft of thoughtfully designed living space, ideal for professionals, students, or investors alike. Enjoy a bright, open-concept layout with expansive windows that fill the living areas with natural light and showcase dynamic city views. Updated wood laminate flooring flows throughout, creating a clean, modern feel. The Eat-in kitchen is both functional and stylish, featuring ample cabinetry, full appliance package, and seamless connection to the main living space-perfect for everyday living or entertaining. The spacious primary bedroom offers generous closet space, while the versatile den is ideal for a home office, 2nd bedroom ,study area, or guest space. Conveniently located 4pc bathroom just outside the bedrooms. Additional highlights include in-suite laundry with storage , and one underground designated parking space .Residents benefit from a secure, professionally managed building with 24-hour concierge service and newly updated premium amenities on the 2nd floor including an indoor pool, whirlpool, sauna, fitness centre, and rooftop patio. An efficient geothermal heating and cooling system keeps the condo comfortable year round. Located steps from restaurants, shopping, entertainment, Victoria Park, city wide bike trails, a grocery store, direct transit access to Western University, Fanshawe College, and major hospitals, this is downtown living at its best. Vacant and ready for immediate possession, this is an outstanding opportunity for both end-users and investors seeking a prime London address.*Note Taxes for this condo $2,749/yr , Condo Fee $513/m.
Estimate your monthly payments for this property
Estimated Payment
$1,718.21/mo
Includes CMHC insurance ($9,344)
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 904, 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 $372/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 59 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.