695 Richmond Street 304, London East

$318,900
695 Richmond Street 304

$318,900

New
21d
Condo ApartmentApartment

695 Richmond Street 304, London East

Total Monthly Obligation $2,219

Beds
1
Baths
1
Park
1
Sqft
900-999
DOM
21d
Score
20
Yield
6.8%
Cash on Cash
-4.4%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-X13853978
Beds-1
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$2,631.94 (2025)
Maintenance-$513/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-RE/MAX ADVANTAGE REALTY LTD.
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick
Foundation-Concrete
Possession-Flexible
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

Stylish, comfortable and convenient! Ready to move into! All the quality furniture pieces are included except for 2 small staging items. You just need a mattress! This unit is perfect for someone moving to London and wanting premier amenities, quick access to Western or Downtown and easy living. This is only one of the 2 buildings in London in an excellent area that has 24 hr security/concierge! Located on a quick bus route to Western and nestled in the lively and popular Richmond Row area in London! Walking distance to Victoria Park and Harris Park and the many festivals that occur throughout the year! This lovely unit is located conveniently on the 3rd floor so that elevators are not a total requirement and it's just a quick sprint to the beautiful pool/hot tub/fitness/outdoor deck areas on the second floor! Bathroom has an updated vanity, toilet and shower head. Kitchen has been refreshed and has newer stainless steel refrigerator, stove, and dishwasher along with a convenient free standing pantry. This "smart home" condo is a perfect choice in so many ways! Smart Home Zigbee-based features include lighting, door sensor, motion sensor, water leak sensor, temp/humidity sensors. All that is needed is your own voice activated controlling mechanism with hub. Fibre optic and coax cable internet are available. You can just move into your ready to go home with affordable condo fees in a luxury building!

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

Closing Costs

Mortgage Amount
$255,120
Land Transfer Taxes$3,259
Legal Fees (Est.)
$
Total cash required for closing$68,539

Total Monthly Obligation

$2,219/mo
Mortgage $1,286
Monthly Loss $1,880
Principal$339
Interest$948
Property Tax$219
Condo Fees$513
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.4%1
5-Year IRR
7.8%22
10-Year IRR
9.2%
Returns Index
12.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$8,274/yr
Net Cash Flow
-$597/mo
Cash Margin
-33.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.545
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo74
Risk Index
32.7/ 100

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

Comparables

Properties near 695 Richmond Street 304

Time

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