3 Beds 2 Bath

1235 Richmond Street 10, London East, ON N6A 0C1

London East N6A 0C1 Ontario

MLS: X12855028

$619,999

Added 11 hours ago | For Sale

Listed by: HOMELIFE/MIRACLE REALTY LTD

About Property

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!

Features

  • House Style:Condo Apartment
  • Bathrooms:2
  • Land Size:
  • Water:
  • Garage Spaces: /Underground
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Richmond St/ Raymond Avenue
  • Basement:None , None
  • Possession Date:FLEX
  • Annual Property taxes: $3923
  • Bedrooms:3
  • Total Parking Spaces:0
  • Parking Places:0
  • Heating Type:Forced Air
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12855028

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