695 Richmond Street 1705, London East

$299,900
695 Richmond Street 1705

$299,900

New
14d
Condo Apartment1 Storey/Apt

695 Richmond Street 1705, London East

Total Monthly Obligation $2,403

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
14d
Score
20
Yield
8.6%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Condo Apartment
MLS® Number-X13882918
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 9, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,336 (2025)
Maintenance-$715/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-COLDWELL BANKER POWER REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Possession-Flexible
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

Perched on the 17th floor, this spacious 1,322 SF, 2-bedroom, 2 full bath condo offers elevated living in one of downtown London's most sought-after high-rise buildings on prime Richmond Row. Enjoy an unbeatable lifestyle just steps to fantastic restaurants, shopping, offices, and entertainment, with a short walk to Western University and University Hospital. Surrounded by endless amenities and serviced by multiple bus routes, this location is ideal for professionals, students, and investors alike. Inside, the bright open-concept layout is enhanced by large windows that showcase panoramic city views and fill the space with natural light. The expansive and inviting great room easily accommodates both living and dining areas, while the kitchen features ample cabinetry, plenty of counter space, and convenient peninsula seating-perfect for casual dining or entertaining. The well-designed floor plan offers excellent privacy, with the primary suite featuring a spacious bedroom and 4-piece ensuite. The second bedroom is thoughtfully positioned in a separate area of the unit with access to its own 3-piece bath-ideal for guests, roommates, or a home office. New hard surface flooring throughout unit - no carpet! In-suite laundry and ample storage add everyday convenience. This well-managed building is highly regarded for its prime location and exceptional amenities, including 24/7 security and concierge, elevators, and recently updated indoor pool, fitness centre, and sauna, along with underground parking. This unit includes one dedicated underground parking space. A true turn-key opportunity, this condo offers flexibility for both end users and investors. This unit is vacant, providing the option for an owner occupier to move in or an investor to purchase and lease to a tenant at current market rates.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$2,403/mo
Mortgage $1,210
Monthly Loss $2,084
Principal$318
Interest$891
Property Tax$278
Condo Fees$715
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
9.2%30
10-Year IRR
10.4%
Returns Index
15.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$25,656/yr
NOI
$8,774/yr
Net Cash Flow
-$479/mo
Cash Margin
-22.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
31.3/ 100

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

Comparables

Properties near 695 Richmond Street 1705

Time

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