695 Richmond Street Unit 1605, London East

Price: $355,000

2 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13517416

Experience downtown living at its finest in the heart of London on vibrant Richmond Row, just steps from exceptional restaurants, boutique shopping, Victoria Park, and with convenient access to Western University. This highly sought-after Castlefield model offers approximately 1,322 sq. ft. of thoughtfully designed living space, featuring two spacious bedrooms, two full bathrooms (including a private ensuite), and a bright open-concept kitchen and living area with desirable northwest exposure. Residents enjoy an impressive selection of amenities, including 24-hour concierge service, an indoor pool, whirlpool, sauna, secure underground parking, and security cameras at every building entrance and throughout the parking garage. This immaculate suite is move-in ready and includes five appliances, hardwood and ceramic flooring, in-suite laundry, and a dedicated storage room, offering the perfect blend of comfort, convenience, and an unbeatable downtown lifestyle.

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New Listing
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$355,000 - 695 Richmond Street Unit 1605, London East

Condo for Sale in London East

New — Listed 4 days ago

Neighbourhood: East F

2Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13517416
Property Type
Condo
Status
active
Days on Site
4
Bedrooms
2
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
London East
Locker
None
Exposure
North West
Balcony
None
Listing Brokerage
SUTTON GROUP - SELECT REALTY
Description

Experience downtown living at its finest in the heart of London on vibrant Richmond Row, just steps from exceptional restaurants, boutique shopping, Victoria Park, and with convenient access to Western University. This highly sought-after Castlefield model offers approximately 1,322 sq. ft. of thoughtfully designed living space, featuring two spacious bedrooms, two full bathrooms (including a private ensuite), and a bright open-concept kitchen and living area with desirable northwest exposure. Residents enjoy an impressive selection of amenities, including 24-hour concierge service, an indoor pool, whirlpool, sauna, secure underground parking, and security cameras at every building entrance and throughout the parking garage. This immaculate suite is move-in ready and includes five appliances, hardwood and ceramic flooring, in-suite laundry, and a dedicated storage room, offering the perfect blend of comfort, convenience, and an unbeatable downtown lifestyle.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,821.33/mo

Includes CMHC insurance ($9,905)

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5-yr fixed avg.

Principal: $319,500Interest: $216,996
Mortgage Amount$329,405
Total Interest$216,996
Est. Property Tax$251/mo
Total Cost$546,400

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: East F

Discover East F

East F 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 East F

  • Convenient location in London East
  • 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

East F 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

695 Richmond Street Unit 1605, London East

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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)
4.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$251
Insurance (est.)-$74
Net Cash Flow+$1,415

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 $296/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.

Just Listed - Act Strategically

This property hit the market within the last week. In London East's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 East F

I know East F 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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    695 Richmond Street Unit 1605, London East | $355,000 | Battaglia Team