1107 Richmond Street Unit 1107, London East

Price: $474,900

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: X13496374

Welcome to Luxe London. An ideal turnkey investment opportunity featuring one of larger 900+ sqft , 2 bedroom, 2 Bath fully furnished units that offer stunning park views within walking distance to Western University. This guaranteed rental managed by Craft Property management ensures that you enjoy the increasing equity with none of the worries and no vacant units at any time. Just leased for $2650 from May 2026 till April 2027. The suite boasts a gourmet granite kitchen, floor-to-ceiling windows, and inclusive condo fees (heat, water, and AC).

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$474,900 - 1107 Richmond Street Unit 1107, London East

Condo for Sale in London East

Popular Listing

Neighbourhood: East B

2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
X13496374
Property Type
Condo
Status
active
Days on Site
11
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
London East
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
EXP REALTY
Description

Welcome to Luxe London. An ideal turnkey investment opportunity featuring one of larger 900+ sqft , 2 bedroom, 2 Bath fully furnished units that offer stunning park views within walking distance to Western University. This guaranteed rental managed by Craft Property management ensures that you enjoy the increasing equity with none of the worries and no vacant units at any time. Just leased for $2650 from May 2026 till April 2027. The suite boasts a gourmet granite kitchen, floor-to-ceiling windows, and inclusive condo fees (heat, water, and AC).

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,436.48/mo

Includes CMHC insurance ($13,250)

$
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5%10%50%

5-yr fixed avg.

Principal: $427,410Interest: $290,285
Mortgage Amount$440,660
Total Interest$290,285
Est. Property Tax$336/mo
Total Cost$730,945

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: East B

Discover East B

East B 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 East B

  • 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

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

East B 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

1107 Richmond Street Unit 1107, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$336
Insurance (est.)-$99
Net Cash Flow+$1,260

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 $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.

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.

About East B

I know East B well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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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    1107 Richmond Street Unit 1107 | $474,900 | Battaglia Team