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517 - 1235 Richmond Street, London East, Ontario N6A 0C1

Listed for:
$619,999
3 beds
2 baths
Listed 26 days ago
Apartment for rent: 517 - 1235 Richmond Street, London East, Ontario N6A 0C1

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About

Richmond St/ Raymond Avenue Rare opportunity to own a premium 3-bedroom, 2-bathroom corner suite in "LuxeLondon," the city's premier luxury student residence. Perfectly positioned at thegates of Western University, this unit offers an investor's dream: a professionalrental management company that GUARANTEES the rent and handles all tenantplacement-providing a truly passive, hands-off income stream. Generating $37,200 inannual gross income against a $619k purchase price, this is one of thehighest-yielding residential assets in the market.This sun-drenched suite comes fully furnished and features a modern kitchen withgranite counters and stainless steel appliances. UNMATCHED PERK: This unit includesa highly coveted PARKING SPACE-a rare and valuable asset in this building thatsignificantly boosts resale value and tenant demand. Residents enjoy world-classamenities: a 40-seat movie theatre, 24/7 fitness centre, yoga studio, rooftopterrace with panoramic city views, sauna, and a business lounge. Footsteps toRichmond Row, Masonville Mall, and transit. Whether you are looking to diversifyyour portfolio or start your investment journey with a "sure thing," this is theone. Low stress, high return, and a location that will never go out of style! (id:27476)

Property Highlights

MLS® Number
X12855028
Type
Single Family
Community Name
East B
Maintenance Fee
629.00
Ownership Type
Condominium/Strata
Parking Space Total
1

Building

Building Type
Apartment
Square Footage
1000 - 1199 sqft
Bathrooms Total
2
Bedrooms Above Ground
3
Bedrooms Total
3
Exterior Finish
Concrete
Fireplace Present
Yes
Basement Type
None
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Location

Learn more about this property
Listing provided by:
HOMELIFE/MIRACLE REALTY LTD
MLS® number:
X12855028
Agent:
Igor Miljanovic
Phone:
(416) 832-5895
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).

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Listing provided by: HOMELIFE/MIRACLE REALTY LTD
Learn more about this property
Listing provided by:
HOMELIFE/MIRACLE REALTY LTD
MLS® number:
X12855028
Agent:
Igor Miljanovic
Phone:
(416) 832-5895
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).