1051 RICHMOND STREET N, London East (East B)

$950,000

For sale: Detached

Detached at 1051 RICHMOND STREET N, London East (East B)
Property type
Detached
Bedrooms / bathrooms
7 bedrooms, 4 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13725258
Neighbourhood
East B

ATTENTION INVESTORS/ FIRST TIME HOME BUYERS/ LARGE FAMILIES/ This Old North property has a lot of flexibility for a mortgage helper, main residence or room rental housing investment to add to your portfolio. Offering 7 bedrooms plus a potential 8th bedroom, 3+1 bathrooms and licensed rental status for 7 bedrooms, this character-filled century home could make a great investment property or can be a spacious family home in one of London's most desirable neighbourhoods.Walking in, you're welcomed by an oversized mudroom with plenty of room for coats, shoes and storage. From there, the home opens into a massive living room featuring original hardwood floors that carry through into the oversized dining room, creating a warm and inviting space for entertaining or everyday living.The kitchen sits at the rear of the home with original cabinetry and direct access to the fully fenced backyard. A convenient 2-piece bathroom completes the main level.Upstairs, the second floor features four generously sized bedrooms, all with hardwood flooring and ceiling fans, along with a 4-piece bathroom. Continue to the third level where you'll find two additional bedrooms, another 4-piece bathroom and a potential 8th bedroom with a slightly lower ceiling height and a walk-in closet. This level also includes a dedicated fire exit leading to the backyard . The lowest level has 2 bedrooms, a 3-piece bathroom and laundry/utility. Outside, enjoy a fully fenced yard with green space, a fire pit and a small porch area.Located right on Richmond Street, you're within walking distance to downtown, close to Western University, St. Joseph's Hospital, grocery, bars and amenities, with bus routes directly in front of the home connecting you throughout the city.Whether you're considering student housing, professional rentals or a beautiful Old North family home, this property offers plenty of opportunity. Contact for financials and additional property information.

Sold data

Detached homes in London East (East B) — recent sold market

Detached homes in London East (East B) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 45, across 783 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.

The median sale price was $639,900.

Homes sold for about 2.7% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 23% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$639,900
Sale-to-list ratio
97.3%
Sold above asking
15%

Based on 783 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East B)

London East (East B) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East B)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1051 RICHMOND STREET N