1500 Richmond Street 104, London North

$474,900
1500 Richmond Street 104

$474,900

Price Change
14d
Condo TownhouseBungalow

1500 Richmond Street 104, London North

Total Monthly Obligation $2,984

Beds
2
Baths
3
Park
2
Sqft
1600-1799
DOM
14d
Score
21
Yield
6.9%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.1%
Property Type-Condo Townhouse
MLS® Number-X13883572
Beds-2
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 9, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-31-50
Taxes-$4,543 (2025)
Maintenance-$490/mo
Locker-None
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN STEVE KLEIMAN INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-North G
Title-Residential Condo & Other

No agent assigned

Freshly painted with plenty of new flooring, this spacious bungalow townhome offers comfortable main-floor living in sought-after Wyndham Gate. Tucked into a quiet interior location away from Richmond Street, this semi-detached condo features a double garage, mature landscaping and no direct rear neighbours, all just minutes from Western University, University Hospital, Masonville Place and North London's many amenities. The "Cornwall" is the complex's largest bungalow layout, offering approximately 1,652 sq. ft. on the main floor plus another 1,100 sq. ft. of finished lower-level space. A generous living room and updated white eat-in kitchen with quartz countertops and stainless steel appliances provide inviting spaces for everyday living and entertaining. Two spacious main-floor bedrooms, convenient main floor laundry and a flexible layout allow room for a formal dining area or home office. The renovated ensuite features a glass-enclosed, tiled walk-in shower. Downstairs, a second kitchen, a third full bathroom and three generously sized finished rooms offer excellent flexibility for visiting family, hobbies, a home gym or additional workspace. Enjoy outdoor living in the private front courtyard or on the recently replaced rear deck. Condo fees include windows, exterior doors and garage doors. Additional updates include a newer sump system installed around 2024 and newer central vacuum with attachments. An excellent opportunity for generous living space, recent improvements and a desirable North London location.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$379,920
Land Transfer Taxes$5,973
Legal Fees (Est.)
$
Total cash required for closing$102,453

Total Monthly Obligation

$2,984/mo
Mortgage $1,916
Monthly Loss $2,480
Principal$504
Interest$1,412
Property Tax$379
Condo Fees$490
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%23
Cash-on-Cash
-6.1%2
5-Year IRR
11.1%43
10-Year IRR
11.6%
Returns Index
22.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$32,904/yr
NOI
$16,791/yr
Net Cash Flow
-$516/mo
Cash Margin
-18.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
27.8/ 100

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

Comparables

Properties near 1500 Richmond Street 104

Time

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