1548 RICHMOND Street Unit 14, London North

Price: $509,000

4 bedrooms, 4 bathrooms

1,400 sqft

Property Type: Condo

MLS#: X13860600

Walking distance to campus and Masonville Place, in a desirable school district! This well-maintained 3-storey townhome offers 4 bedrooms and 4 bathrooms, with a functional layout ideal for families, students, or investors. Freshly painted throughout and featuring hardwood flooring, the home includes two bedrooms with ensuite bathrooms. The main floor offers a single-car garage with inside access, a bedroom with a 3-piece ensuite. The second floor features a bright eat-in kitchen with a bay window, a spacious family room with a dining area, a 2-piece bathroom/laundry area, and office/another bedroom. The third floor offers three additional bedrooms and two full bathrooms. The driveway and single garage provide parking for two vehicles, with additional visitor parking nearby. Public transit is conveniently available right on the street. A great opportunity in a convenient North London location!

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$509,000 - 1548 RICHMOND Street Unit 14, London North

Condo for Sale in London North

Neighbourhood: North G

4Beds
4Baths
1,400Sq Ft
Condo

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Property Details
MLS Number
X13860600
Property Type
Condo
Status
active
Days on Site
17
Bedrooms
4
Bathrooms
4
Square Feet
1,400 sqft
Neighbourhood
London North
Taxes (2026)
$5,475
Maintenance Fees
$480/mo
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
RIGHT AT HOME REALTY
Description

Walking distance to campus and Masonville Place, in a desirable school district! This well-maintained 3-storey townhome offers 4 bedrooms and 4 bathrooms, with a functional layout ideal for families, students, or investors. Freshly painted throughout and featuring hardwood flooring, the home includes two bedrooms with ensuite bathrooms. The main floor offers a single-car garage with inside access, a bedroom with a 3-piece ensuite. The second floor features a bright eat-in kitchen with a bay window, a spacious family room with a dining area, a 2-piece bathroom/laundry area, and office/another bedroom. The third floor offers three additional bedrooms and two full bathrooms. The driveway and single garage provide parking for two vehicles, with additional visitor parking nearby. Public transit is conveniently available right on the street. A great opportunity in a convenient North London location!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,611.43/mo

Includes CMHC insurance ($14,201)

$
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5%10%50%

5-yr fixed avg.

Principal: $458,100Interest: $311,129
Mortgage Amount$472,301
Total Interest$311,129
Est. Property Tax$361/mo
Total Cost$783,430

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

1548 RICHMOND Street Unit 14, London North

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,480/mo
Range: $2,958 - $4,002
Cap Rate (ROI)
6.0%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,480
Maintenance Fees-$480
Property Tax (est.)-$361
Insurance (est.)-$106
Net Cash Flow+$2,533

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 $364/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 17 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 $480/month fees should cover building insurance, common elements, and reserve contributions.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London North. Good resale value as demand remains consistent.

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.

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    1548 RICHMOND Street Unit 14, London North | $509,000 | Battaglia Team