1500 Richmond St.
"Wyndham Gate"
1500 Richmond Street
Units140
Built1989-1991
Registered as condos1989, 1990 and 1992
Average MLS Selling Price 2022, 1 floor single car garageSample size (1) too small to report
Average MLS Selling Price 2022, 1 floor double car garageNo MLS Sales
Average MLS Selling Price 2022, 2 floor double car garage$505,333 (based on 2 MLS sales)
Average MLS Selling Price 2021, 1 floor single car garageSample size (1) too small to report
Average MLS Selling Price 2021, 1 floor double car garage$605,600 (based on 8 MLS sales)
Amenities:
Details:
A Richmond Street, just north of Windermere Road, location. A five minute walk to the "University Hospital" and a fifteen minute walk to the U.W.O. library. A mix of single and double car garage one floor units and double car garage two storey units.
Tan/yellow brick, some skylights, brown shingles, brown sidings, taupe trim and garage doors, some small bricked front courtyards, brick driveways, some units have walkouts and some clusters have a mix of one-floor and two-storey units. This complex has two front entrances onto Richmond Street, the north entrance being just next to a cross walk. The one floor double car garage units have a known size of 1524 sq. ft. The two storey double car garage units have a know unit size of 1500, 1584, 1820, 1823, 1960, 1983, and 1985 sq. ft. The condo fees for a two-storey unit in 2021 are in the $438.00/month range. This is a treed setting.
This complex is built into the side of a gently-rolling hill and offers a variety of settings.
* Renting out condos close to the University to students is becoming increasingly frowned upon in many complexes. Problems renting out rooms to unrelated adults could potentially be excessive vehicles, traffic, moving in and out, garbage and noise.
Restrictions in these complexes declarations state that all purchasers are to be aware of the following provisions:
- Each unit is to be occupied and used only as a private single family residence;
- Bedrooms are forbidden in all residential basement if there is no secondary "escape". Some windows are considered large enough to be an escape, but the standard small basement window is not.
- Prohibited is the renting out of these units on individual bedroom basis; the occupation of the unit by an unrelated group of people who are not in a permanent family-like relationship and any occupation of the unit by individuals, or a group of individuals, or a group of unrelated individuals, on a temporary or periodic basis (such as a school year or term).
* A special thanks to the Property Management Company for providing us with some of these details. In recent times, more and more complexes are taking measures like this to make their complexes less student friendly.
** In this neighbourhood, 79% own, 21% rent. 15% of the population is aged between 55-64, 16% between 65-74 and 11% 75+. 56% of the adult population has a university degree. 16% of the housing stock is apartments, 52% single family homes and 32% townhouse/rowhouse style.
*** With these units now being in the thirty year old range, the year over year price increases here have not been as large as some of the year over year price increases of condos in the ten years and younger age range.
Property Manager
Dickenson 519-666-2332