1510 Richmond Street Unit 501, London North

Price: $374,900

2 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13500458

Bright, spacious, and full of potential, this 2-bedroom, 2-bathroom condo offers comfortable living in one of North London's most sought-after neighbourhoods. Enjoy exceptional walkability with Masonville Place, Western University, the Ivey Business School, University Hospital, restaurants, grocery stores, parks, transit, and countless everyday amenities just minutes away. The thoughtfully designed layout features a bright sunroom that's ideal as a home office or reading nook, a separate breakfast area, convenient in-suite laundry, and a private ensuite bathroom off the primary bedroom. Tucked back from Richmond Street, this very secure, well-managed building offers a peaceful setting along with secure covered parking. Whether you're a first-time buyer, downsizer, or investor, this bright and spacious condo presents an outstanding opportunity to update to your own style while enjoying an unbeatable Masonville location.

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$374,900 - 1510 Richmond Street Unit 501, London North

Condo for Sale in London North

Popular Listing

Neighbourhood: North G

2Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13500458
Property Type
Condo
Status
active
Days on Site
8
Bedrooms
2
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
London North
Locker
None
Exposure
West
Balcony
None
Listing Brokerage
THE REALTY FIRM INC.
Description

Bright, spacious, and full of potential, this 2-bedroom, 2-bathroom condo offers comfortable living in one of North London's most sought-after neighbourhoods. Enjoy exceptional walkability with Masonville Place, Western University, the Ivey Business School, University Hospital, restaurants, grocery stores, parks, transit, and countless everyday amenities just minutes away. The thoughtfully designed layout features a bright sunroom that's ideal as a home office or reading nook, a separate breakfast area, convenient in-suite laundry, and a private ensuite bathroom off the primary bedroom. Tucked back from Richmond Street, this very secure, well-managed building offers a peaceful setting along with secure covered parking. Whether you're a first-time buyer, downsizer, or investor, this bright and spacious condo presents an outstanding opportunity to update to your own style while enjoying an unbeatable Masonville location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,923.43/mo

Includes CMHC insurance ($10,460)

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5-yr fixed avg.

Principal: $337,410Interest: $229,160
Mortgage Amount$347,870
Total Interest$229,160
Est. Property Tax$266/mo
Total Cost$577,029

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: North G

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

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

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.

70
Walk Score
Varies
Price Range

1510 Richmond Street Unit 501, London North

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
4.5%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$266
Insurance (est.)-$78
Net Cash Flow+$1,396

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 $312/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.

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.

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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    1510 Richmond Street Unit 501 | $374,900 | Battaglia Team