$550,000 - 1500 Richmond Street Unit 17, London North
Condo for Sale in London North
Neighbourhood: North G
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- MLS Number
- X13818878
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 2
- Bathrooms
- 4
- Square Feet
- 1,400 sqft
- Neighbourhood
- London North
- Taxes (2025)
- $4,241
- Maintenance Fees
- $586/mo
- Locker
- None
- Exposure
- North East
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP PREFERRED REALTY INC.
Welcome to this exceptional 2 bedroom + office, 3.5 bathroom townhome in a desirable North London neighbourhood steps from University Hospital and Western University. Backing onto a private wooded space, this home offers a rare combination of privacy, convenience, and sophisticated living. Step into a stunning open-concept main floor layout featuring a soaring double-height ceiling in the living room that floods natural light into the living and dining area with hardwood floors. The kitchen features maple cabinets, quartz counters and 3 SS appliances -perfect for everyday living and entertaining. There's also a main floor powder room. On the second level the generously sized primary bedroom includes a 3 piece ensuite bathroom, walk-in closet and additional double closets. The spacious second bedroom offers a walk-in closet with a 4 piece bathroom just steps away. A versatile loft area is ideal for a home office or a potential third bedroom. Convenient upper-level laundry completes this floor. The Lower Level offers additional living space with a rec room, flex area perfect for a bar or games table, a 3-piece bath with walk-in storage, plus bonus space for yoga or meditation plus storage areas. Outdoors your private cedar deck overlooks mature trees-a peaceful retreat for relaxing or entertaining in complete privacy. Effortless Living: A double-wide driveway and double-car garage eliminate parking worries, while condo fees cover lawn care and snow removal. This Prime Location is Minutes from University Hospital - LHSC, The University of Western Ontario - UWO, Masonville Mall, the Thames Valley Trail system and many amenities-ideal for medical professionals, professors, and anyone seeking convenience alongside tranquility. Furniture can be included.
Estimate your monthly payments for this property
Estimated Payment
$2,821.79/mo
Includes CMHC insurance ($15,345)
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 17, 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 $393/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.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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. The $586/month fees should cover building insurance, common elements, and reserve contributions.
Bathroom Count Matters
With 4 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 $2,292 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.