695 Richmond Street 1603, London East

$239,900
695 Richmond Street 1603

$239,900

New
23d
Condo ApartmentApartment

695 Richmond Street 1603, London East

Total Monthly Obligation $1,917

Beds
1
Baths
1
Park
1
Sqft
900-999
DOM
23d
Score
23
Yield
9.0%
Cash on Cash
0.8%
Cap Rate
4.7%
5Y IRR
16.2%
10Y IRR
15.1%
Property Type-Condo Apartment
MLS® Number-X13842764
Beds-1
Bathrooms-1
Size-900-999 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$2,833 (2025)
Maintenance-$513/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

6th floor, 1 bedroom + den (large unit - 942 sq/ft). Ample living space plus a den with amazing westerly views. Heating is geothermal forced air heat pump which includes air conditioning. The heat pump is the main heat source and is included in the condo fee (baseboard heaters are for back-up). Hard surface flooring throughout for easy cleaning. Recently updated pool area, sauna, and exercise room. Prime downtown location, minutes from the university, grocery store and the bus stop at your front door! This is one of a few buildings in the city with 24 hour concierge.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$191,920
Land Transfer Taxes$2,124
Legal Fees (Est.)
$
Total cash required for closing$51,604

Total Monthly Obligation

$1,917/mo
Mortgage $968
Monthly Loss $1,662
Principal$255
Interest$713
Property Tax$236
Condo Fees$513
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.9%1
5-Year IRR
10.8%41
10-Year IRR
11.6%
Returns Index
21.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$21,624/yr
NOI
$8,073/yr
Net Cash Flow
-$295/mo
Cash Margin
-16.4%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo83
Risk Index
37.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 695 Richmond Street 1603

Time

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