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London, Ontario


1548 Richmond Street London Ontario, Canada

1548 Richmond St.

1548 Richmond Street

Units45

Built1991

Registered as condos1991

Average MLS Selling Price 2022$779,500 (based on 5 MLS sales)

Average MLS Selling Price 2021Sample size (1) too small to report

Average MLS Selling Price 2020$433,000 (based on 2 MLS sales)

Average MLS Selling Price 2019$407,800 (based on 8 MLS sales)

Average MLS Selling Price 2018$316,000 (based on 7 MLS sales)

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Amenities

Details:

This complex converted a graceful Victorian styled two-storey home with brown brick and a cedar shake roof into three condo units and added two detached garages to accommodate three vehicles. Then added was one cluster of four units, four clusters of five units and three clusters of six units. The units on the north side have checkered brown brick grey upper siding and trim while the units on the south side and the one cluster behind the Victorian structure have the same brown brick with beige coloured upper siding and garage doors. This is a subtle difference which doesn't detract from the charm of the complex.

These condos are spacious four bedroom, 3.5 bedroom units, with single car garages. When listed for sale they are sometimes listed as 3, 4 or 5 bedrooms and 2+1 or 3+1 bathrooms. Two known unit sizes are 1542 and 1600 sq. ft. and all bedroom windows are above grade. For many years, many of these units have been used for student rental purposes.

Are these units, when available, a good buy? Well, consider what they would be worth if they were brand new in this location. Look at what the Montage Sunningdale units are selling for! Yes, thirty plus something year old buildings can sometimes need work but units in good condition would be something to consider.

Property Manager

Arnsby 519-455-6080



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