$509,000 - 1548 Richmond Street Unit 31, London North
Condo for Sale in London North
Neighbourhood: North G
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- MLS Number
- X13814238
- Property Type
- Condo
- Status
- active
- Days on Site
- 30
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,600 sqft
- Neighbourhood
- London North
- Lot Size
- 3 sqft
- Taxes (2025)
- $5,314
- Maintenance Fees
- $480/mo
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- CENTURY 21 KING`S QUAY REAL ESTATE INC.
Perfectly positioned in a quiet and private setting within the highly desirable Richmond Manor community, this spacious 3-storey townhouse offers an exceptional combination of comfort, flexibility, and investment potential. Featuring 4 above-grade bedrooms, 3.5 bathrooms, including 2 private ensuites, the home offers a versatile layout ideal for growing families, multi-generational living, or investors.Tucked further inside the community, the property enjoys a more peaceful setting with enhanced privacy while remaining conveniently close to everything North London has to offer. The main-floor bedroom with its own ensuite provides exceptional flexibility, making it ideal for family members seeking a private living space or for tenants who value privacy-an especially attractive feature for room-by-room rentals.The bright, open-concept second level features a spacious living and dining area with a cozy gas fireplace, an eat-in kitchen, convenient in-suite laundry, and a walkout to a private backyard deck. The third floor offers three additional bedrooms, including a generous primary suite with its own ensuite.With 4 above-grade bedrooms and a highly functional layout, the property offers excellent rental potential and the flexibility to maximize income by leasing all four bedrooms individually. Additional features include a single-car garage, driveway parking, and ample visitor parking for added convenience.Ideally located just minutes from Western University, University Hospital, Masonville Place, restaurants, parks, and public transit, this home is situated in one of London's most established rental areas. Whether you're an investor looking for strong tenant demand and income potential, or a family seeking space, privacy, and a convenient North London location, this property offers an outstanding opportunity.
Estimate your monthly payments for this property
Estimated Payment
$2,611.43/mo
Includes CMHC insurance ($14,201)
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.
1548 Richmond Street Unit 31, 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 $318/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 30 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.