$512,500 - 1500 Richmond Street Unit 104, London North
Condo for Sale in London North
46 days on marketNeighbourhood: North G
- MLS Number
- X13539106
- Property Type
- Condo
- Status
- active
- Days on Site
- 46
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- East West
- Balcony
- None
- Listing Brokerage
- RE/MAX CENTRE CITY REALTY INC.
Excellent value on this spacious semi-detached one floor townhome with double garage in Wyndham Gate with prime north end location close to Western University, University Hospital, Masonville Mall & all the outstanding North London amenities. This "Cornwall" unit the largest one floor layout in the complex, offering 1,652 sq. ft. of living space on the main floor, with an additional approx. 1,100 sq. ft. finished in the lower level. Unit is in need of some cosmetic updates (flooring, paint, etc.) & priced to reflect that, but also features some recent significant upgrades including a newer striking white eat-in kitchen with quartz counter tops & stainless appliances and renovated ensuite bath with glass & tile walk-in shower. Main floor provides a flexible layout (see two different attached floorplans for possible configurations) with very large living room, a spacious eat in kitchen & main floor laundry, 2 exceptionally sized bedrooms, & options for main floor study, formal dining room etc. Lower level is fully finished & provides a complete 2nd kitchen, 3rd full bathroom & 3 additional very large "flex rooms", making this an ideal choice for those with extended family, hobbies or frequent visitors. Condo Fees include all windows, doors, & garage doors & this unit is one of only two in the complex with a condo maintained deck (others are responsibility of owners) which has been completely replaced in the past year. This unit also features arguably one of the best locations within the interior of the complex, in a quiet setting far from the Richmond Street traffic noise & with mature trees/landscaping, new deck & no direct neighbours at rear. Note also that this unit has essentially 2 attractive outdoor living spaces: a spacious courtyard in the front & the new deck at rear. Furnace & A/C approximately 7 years old, newer sump system circa 2024 & newer central vac & all attachments included.
Estimate your monthly payments for this property
Estimated Payment
$2,629.39/mo
Includes CMHC insurance ($14,299)
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 North G
North G 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 North G
- •Convenient location in London North
- •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
North G 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.
1500 Richmond Street Unit 104, London North
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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 $320/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 46 days on site, this property has exceeded the typical selling timeline for London North. 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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About North G
I know North G 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.
Investment Perspective
Looking at this as an investment: London North properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,135 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.