1228 Richmond Street, London East

$799,900
1228 Richmond Street

$799,900

New
2d
Detached2-Storey

1228 Richmond Street, London East

Total Monthly Obligation $4,098

Beds
6
Baths
2
Park
4
Sqft
1100-1500
DOM
2d
Score
16
Yield
3.9%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Detached
MLS® Number-X14102416
Beds-6
Bathrooms-2
Size-1100-1500 sqft
Lot Size-35.5 × 125 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,958.53 (2026)
Parking-4 - None
Basement-Finished, Separate Entrance, Apartment
Heating-Forced Air (Electric)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

Location, location, location! Situated just steps from the gates of Western University, 1228 Richmond Street presents an exceptional turn-key investment opportunity. This solid 2-storey brick property features parking for 4 vehicles and major capital upgrades, including an energy-efficient heat pump (2025), upgraded attic insulation (2025), and a new hot water tank (2024). The main residence boasts original hardwood floors, classic wood trim, a spacious kitchen, 4 bedrooms (1 main, 3 upper), a full bath, upper-level laundry, and a large deck overlooking a low-maintenance green space. A separate side entrance leads to a basement unit with 2 bedrooms, 1 bath, kitchen, living room and private laundry. Unmatched convenience and income potential in a prime corridor of London.

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

Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$4,098/mo
Mortgage $3,227
Monthly Loss $3,249
Principal$849
Interest$2,378
Property Tax$497
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.9%14
10-Year IRR
7.4%
Returns Index
8.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$30,804/yr
NOI
$17,265/yr
Net Cash Flow
-$1,788/mo
Cash Margin
-69.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
19.9/ 100

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

Comparables

Properties near 1228 Richmond Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.