517 - 1235 Richmond Street London East, Ontario N6A 0C1
3 Bedroom
2 Bathroom
1,000 - 1,199 ft2
Fireplace
Central Air Conditioning
Forced Air
$619,999Maintenance, Heat, Insurance, Parking, Common Area Maintenance, Water
$629 Monthly
Maintenance, Heat, Insurance, Parking, Common Area Maintenance, Water
$629 MonthlyRare opportunity to own a premium 3-bedroom, 2-bathroom corner suite in "LuxeLondon," the city's premier luxury student residence. Perfectly positioned at thegates of Western University, this unit offers an investor's dream: a professionalrental management company that GUARANTEES the rent and handles all tenantplacement-providing a truly passive, hands-off income stream. Generating $37,200 inannual gross income against a $619k purchase price, this is one of thehighest-yielding residential assets in the market.This sun-drenched suite comes fully furnished and features a modern kitchen withgranite counters and stainless steel appliances. UNMATCHED PERK: This unit includesa highly coveted PARKING SPACE-a rare and valuable asset in this building thatsignificantly boosts resale value and tenant demand. Residents enjoy world-classamenities: a 40-seat movie theatre, 24/7 fitness centre, yoga studio, rooftopterrace with panoramic city views, sauna, and a business lounge. Footsteps toRichmond Row, Masonville Mall, and transit. Whether you are looking to diversifyyour portfolio or start your investment journey with a "sure thing," this is theone. Low stress, high return, and a location that will never go out of style! (id:15069)
Property Details
| MLS® Number | X12855028 |
| Property Type | Single Family |
| Community Name | East B |
| Community Features | Pets Allowed With Restrictions |
| Features | In Suite Laundry |
| Parking Space Total | 1 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Basement Type | None |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Concrete |
| Fireplace Present | Yes |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,000 - 1,199 Ft2 |
| Type | Apartment |
Parking
| Underground | |
| Garage |
Land
| Acreage | No |
https://www.realtor.ca/real-estate/29438813/517-1235-richmond-street-london-east-east-b-east-b
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March 11 2026 06:13:11
Toronto Regional Real Estate Board
Homelife/miracle Realty Ltd