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Listed 1 month ago

960 Richmond Street

East B, London East

$749,900

Detached|1 1/2 Storey
5 | 3 | 5
About this home

Exceptional investment in a prime location, ideally situated between Downtown London and Western University. This spacious 5-bedroom, 3-bathroom home offers five above-grade bedrooms and a functional layout that is highly desirable for student living. Features include soaring 10-foot ceilings, an open-concept kitchen and living area, beautiful stained glass windows, original character trim, and updated flooring in select areas.Recent improvements include a newer furnace, a newly built front deck, and a spacious rear deck perfect for outdoor entertaining. Additional highlights include main floor laundry, all appliances included, and parking for up to five vehicles. Located on a sought-after stretch of Richmond Street, close to campus, transit, restaurants, shopping, and downtown amenities, this is an outstanding opportunity for investors looking to secure a quality home in a high-demand location. Some photos are virtually staged.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$4,577
Lot Size30 ft x 125 ft
mls© NumberX13602670
Listed ByROYAL LEPAGE TRILAND REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,838
Property tax
$381
Heat allowance
$150
Housing costs
$4,370 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $149,980
25-yr amortization

Income needed

$134,000

gross annual household income

Payment at 4%
$3,156 / mo
Cash down
$149,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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