695 Richmond Street 1006, London East

$324,500
695 Richmond Street 1006

$324,500

New
7d
Condo ApartmentApartment

695 Richmond Street 1006, London East

Total Monthly Obligation $2,527

Bed+Den
3+1
Baths
2
Park
1
Sqft
1200-1399
DOM
7d
Score
19
Yield
7.9%
Cash on Cash
-4.0%
Cap Rate
3.7%
5Y IRR
12.4%
10Y IRR
12.1%
Property Type-Condo Apartment
MLS® Number-X14087174
Bed+Den-3+1
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,336 (2025)
Maintenance-$740/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

Welcome to this stunning and spacious 2 Bedroom + Den condo offering over 1,300 sq ft of beautifully maintained living space! This bright open-concept layout features hardwood flooring throughout, 2 full washrooms, ensuite laundry, and an open kitchen with stainless steel appliances. The oversized primary bedroom includes a walk-in closet and plenty of space to unwind. Perfect for students, professionals, families, or investors, the versatile den can be used as a home office. Enjoy amenities including an indoor pool and fully equipped gym, plus the convenience of 1 included parking spot. Located just 10 minutes from Western University and steps to popular restaurants, shopping, and everyday essentials this condo offers the perfect blend of comfort, style, and location!

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

Closing Costs

Mortgage Amount
$259,600
Land Transfer Taxes$3,343
Legal Fees (Est.)
$
Total cash required for closing$69,743

Total Monthly Obligation

$2,527/mo
Mortgage $1,309
Monthly Loss $2,182
Principal$344
Interest$964
Property Tax$278
Condo Fees$740
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.4%1
5-Year IRR
8.0%23
10-Year IRR
9.5%
Returns Index
12.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$8,474/yr
Net Cash Flow
-$603/mo
Cash Margin
-28.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
29.7/ 100

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

Comparables

Properties near 695 Richmond Street 1006

Time

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Data last updated within the past 24 hours.