- Bedrooms
- 4
- Bathrooms
- 4
- Size
- 1,600–1,799sq ft
- Per sq ft
- $299at the range’s middle
- Tax a year
- $5,3142025 tax year
- Built
- 31-50
- Parking
- 21 attached
- Days on market
- Members
The brief
About 31-1548 Richmond St
31-1548 Richmond St is a 4-bedroom, 4-bathroom condo townhouse in North G, London North, listed for sale at an asking price of $509,000 (MLS® X13814238).
Perfectly positioned in a quiet and private setting within the highly desirable Richmond Manor community, this spacious 3-storey townhouse offers an exceptional combination of comfort, flexibility, and investment potential. Featuring 4 above-grade bedrooms, 3.5 bathrooms, including 2 private ensuites, the home offers a versatile layout ideal for growing families, multi-generational living, or investors.Tucked further inside the community, the property enjoys a more peaceful setting with enhanced privacy while remaining conveniently close to everything North London has to offer. The main-floor bedroom with its own ensuite provides exceptional flexibility, making it ideal for family members seeking a private living space or for tenants who value privacy-an especially attractive feature for room-by-room rentals.The bright, open-concept second level features a spacious living and dining area with a cozy gas fireplace, an eat-in kitchen, convenient in-suite laundry, and a walkout to a private backyard deck. The third floor offers three additional bedrooms, including a generous primary suite with its own ensuite.With 4 above-grade bedrooms and a highly functional layout, the property offers excellent rental potential and the flexibility to maximize income by leasing all four bedrooms individually. Additional features include a single-car garage, driveway parking, and ample visitor parking for added convenience.Ideally located just minutes from Western University, University Hospital, Masonville Place, restaurants, parks, and public transit, this home is situated in one of London's most established rental areas. Whether you're an investor looking for strong tenant demand and income potential, or a family seeking space, privacy, and a convenient North London location, this property offers an outstanding opportunity.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall40/100−$646/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 11 condos with 4 bedrooms for lease in London North right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $5,314 / 2025
- MLS® number
- X13814238
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 31-50
- Days on market
- Size
- 1600-1799 sqft
- Listed on
- Parking
- 1 Attached, 2 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 3-Storey
- Community
- North G
- Municipality
- London North
Building
- Size
- 1600-1799 sqft
- Building Age
- 31-50
- Construction
- Alum Siding
Inside
- Bedrooms
- 4
- Bathrooms
- 4
- Bathroom Details
- 1 × 3pc 3rd, 1 × 2pc 2nd, 1 × 3pc Ground, 1 × 3pc 2nd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Foundation
- Other
- Roof
- Shingles
- Fireplace
- Yes
- Den
- Yes
- Family room
- Yes
- Condo maint.
- $480
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Primary | 4.0 × 5.0 m | 3 Pc Ensuite | Main |
| Breakfast | 3.67 × 4.0 m | — | 2nd |
| Dining | 3.33 × 4.63 m | — | 2nd |
| Family | 4.0 × 7.0 m | Fireplace | 2nd |
| Primary | 4.33 × 5.0 m | 3 Pc Ensuite | 3rd |
| 2nd Br | 3.67 × 4.33 m | — | 3rd |
| 3rd Br | 3.33 × 3.33 m | — | 3rd |
Listing history
Buy/sell history for 31-1548 Richmond St, London North, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $509,000 | N/A | For Sale | X13814238 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $101,800
- Total mortgage amount
- $407,200
- Total interest payment
- $289,700
- Total purchase cost
- $798,700
- Mortgage payment
- $2,323/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
42%Monthly carrying cost
$3,246- Rent $2,600
- Shortfall $646
Rental income opens at $2,600, the median asking rent of 11 comparable homes for lease in London North. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,655
- Total land transfer tax
- $6,655
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,655
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $509,000
- $2,180
- Ontario total
- $6,655
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- No mapped wetland within 120 m120 m
- 2 water-supply wells recorded within 250 m1 of them were drilled for domestic use. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 28.1 m.250 m
- Groundwater recorded about 10.5 m below ground nearbyThe middle water level in the well records within 500 m (13 records). It changes with the season and from spot to spot.500 m
- Bedrock about 33 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 8.9 km8.9 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is The University of Western Ontario — Main Campus, 750 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 1 federal contaminated site within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 130 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (130 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.130 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, TekSavvy, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in North G right now
- For sale now
- 16
- Median asking price
- $519K
- New in 7 days
- 3
- Price cuts
- 25%
Middle half: $488K to $557K
7 in 28 days
4 listings
This home is asking 2% below the median.
See all homes in North GAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Masonville Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | 93%Grade 6 average |
| St. Kateri Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1 km | 80%Grade 6 average |
| Stoneybrook Public SchoolThames Valley DSB | Public · grades JK–8 | 1.5 km | 86%Grade 6 average |
| École élémentaire catholique Ste-Jeanne-d'ArcConseil scolaire catholique Providence | French-language Catholic · grades JK–8 | 6 km | 72%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| A B Lucas Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.7 km | 75%Grade 9 math |
| Sir Frederick Banting Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 3.1 km | 55%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 3.5 km | 57%Grade 9 math |
| Mother Teresa Catholic Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 · French Immersion | 3.8 km | 58%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in North G are shown to signed-in members.