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1500 Richmond Street London Ontario, Canada

1500 Richmond St.

1500 Richmond Street

Units142

Built1989

Average MLS Selling Price 2022, 1 floor single garageNo MLS sales

Average MLS Selling Price 2022, 1 floor double garageSample size (1) too small to report

Average MLS Selling Price 2022, 2 storey double garage$605,000 (based on 2 MLS sales)

Average MLS Selling Price 2021, 1 floor single garageSample size (1) too small to report

Average MLS Selling Price 2021, 1 floor double garage$665,600 (based on 8 MLS sales)

Average MLS Selling Price 2021, 2 storey double garage$591,100 (based on 7 MLS sales)

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Amenities:

Details:

A Windermere / Richmond Street location. A five-minute walk to University Hospital. 142 units, a mix of single and double car one floor units and double car garage two storey units. A wonderful mix of professionals, retirees and mature university students live here. This complex is built into the side of a gently-rolling hill and offers a variety of different settings. Prices vary widely for condition. Some units have had a previous history of being used for rented purposes while other units are in pristine condition.

* 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. The one floor double car garage units have known sizes of 1524 sq. ft. The two storey double car garage units have sizes of 1500, 1584, 1820, 1823, 1960, 1983 and 1985 sq. ft.

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.

Property Manager

Phase I Units 82-86, 95-100, 107-128:
Phase II Units 27-55, 69-81, 129-138:
Dickenson 519-666-2332

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