1500 Richmond Street 17, London North

$550,000
1500 Richmond Street 17

$550,000

New
30d
Condo Townhouse2-Storey

1500 Richmond Street 17, London North

Total Monthly Obligation $3,358

Beds
2
Baths
4
Park
2
Sqft
1400-1599
DOM
30d
Score
18
Yield
5.9%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.5%
Property Type-Condo Townhouse
MLS® Number-X13818878
Beds-2
Bathrooms-4
Size-1400-1599 sqft
Listed on site-Sep 23, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$4,241 (2025)
Maintenance-$586/mo
Locker-None
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP PREFERRED REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick, Wood
Foundation-Concrete
Possession-30 days Flexible
Neighbourhood-North G
Title-Residential Condo & Other

No agent assigned

Welcome to this exceptional 2 bedroom + office, 3.5 bathroom townhome in a desirable North London neighbourhood steps from University Hospital and Western University. Backing onto a private wooded space, this home offers a rare combination of privacy, convenience, and sophisticated living. Step into a stunning open-concept main floor layout featuring a soaring double-height ceiling in the living room that floods natural light into the living and dining area with hardwood floors. The kitchen features maple cabinets, quartz counters and 3 SS appliances -perfect for everyday living and entertaining. There's also a main floor powder room. On the second level the generously sized primary bedroom includes a 3 piece ensuite bathroom, walk-in closet and additional double closets. The spacious second bedroom offers a walk-in closet with a 4 piece bathroom just steps away. A versatile loft area is ideal for a home office or a potential third bedroom. Convenient upper-level laundry completes this floor. The Lower Level offers additional living space with a rec room, flex area perfect for a bar or games table, a 3-piece bath with walk-in storage, plus bonus space for yoga or meditation plus storage areas. Outdoors your private cedar deck overlooks mature trees-a peaceful retreat for relaxing or entertaining in complete privacy. Effortless Living: A double-wide driveway and double-car garage eliminate parking worries, while condo fees cover lawn care and snow removal. This Prime Location is Minutes from University Hospital - LHSC, The University of Western Ontario - UWO, Masonville Mall, the Thames Valley Trail system and many amenities-ideal for medical professionals, professors, and anyone seeking convenience alongside tranquility. Furniture can be included.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$440,000
Land Transfer Taxes$7,475
Legal Fees (Est.)
$
Total cash required for closing$118,975

Total Monthly Obligation

$3,358/mo
Mortgage $2,219
Monthly Loss $2,774
Principal$584
Interest$1,635
Property Tax$353
Condo Fees$586
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.3%25
10-Year IRR
9.4%
Returns Index
13.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,196/yr
NOI
$15,303/yr
Net Cash Flow
-$943/mo
Cash Margin
-35.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1500 Richmond Street 17

Time

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