$549,900 - 1500 Richmond Street Unit 56, London North
Condo for Sale in London North
Neighbourhood: North G
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- MLS Number
- X13855500
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- London North
- Taxes (2025)
- $4,241
- Maintenance Fees
- $506/mo
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- THE REALTY FIRM INC.
This beautifully maintained end-unit condo-located at the end of the peaceful cul-de-sac setting, offers exceptional privacy and convenience, - featuring a double-car garage and located in the highly sought-after Wyndham Gate community in the heart of North London. Just minutes from Western University, University Hospital, Masonville Mall, shopping, dining, and transit. Step into a grand foyer with soaring ceilings and abundance of natural light and then a few steps up, the open-concept main floor -with almost 1600 sq ft. -features a large eat-in kitchen that flows into the dining area, with double doors that lead to a brand-new private deck surrounded by mature trees and a high privacy wall-an ideal outdoor retreat for relaxing or entertaining. The adjacent green space adds extra privacy, tranquility and year-round enjoyment. The inviting living room features a cozy fireplace and plenty of room for gatherings or everyday living. The primary suite is spacious, bright and relaxing, and also has a large walk-in closet and a private ensuite bath. A second generous bedroom, a full bathroom, and convenient main-floor laundry complete this level. The lower level provides incredible versatility with direct access to the insulated double-car garage, a large rec room perfect for a home office, gym, media room, or play space, and a beautifully renovated 3-piece bathroom. An impressive 33 ft x 10 ft utility/storage room offers endless possibilities for hobbies, a workshop, or additional storage. The double driveway, and the visitor parking area just a few steps away also add to the extras this home has to offer. As well as just a short walk to Western University, University Hospital, Masonville Place, restaurants, and transit, this home is ideal for professionals, empty nesters, investors, or families with students attending Western. Don't miss this opportunity to enjoy peaceful living in one of London's most desirable neighbourhoods
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
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 56, 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 20 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 $506/month fees should cover building insurance, common elements, and reserve contributions.
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 $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.