1228 Richmond Street

East B, London East, N6A 3M2

$799,900

4+2 bedrooms
2 bathrooms
4 parking
1100-1500 sq ft

Listed today · MLS® X14102416

About this home

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.

Details

Type: Detached
Style: 2-Storey
Size: 1100-1500 sq ft
Lot: 35.5 × 125 ft
Basement: Finished, Separate Entrance, Apartment
Garage: None
Kitchens: 2
Property tax: $5,959 (2026)
Neighbourhood: East B
Municipality: London East
Price per sq ft: $615 (35% above detached houses in East B, $456)

Interior

Bedrooms: 4 above ground + 2 below
Bathrooms: 1 × 4-piece (second), 1 × 3-piece (basement)
Kitchens: 2 (1 below ground)
Rooms: 8 above ground + 5 below
Family room or den: No
Fireplace: Wood
Features: In-Law Capability, In-Law Suite

Heating, cooling and services

Heating: Forced Air, Electric
Air conditioning: Central Air
Water and sewer: Sewer

Building and exterior

Style: 2-Storey
Exterior: Brick
Roof: Asphalt Shingle
Foundation: Poured Concrete
Faces: East

Parking

Total parking: 4
Driveway and parking: Private

Lot

Size: 35.5 × 125 ft (rectangular)

Possession: Flexible
Nearby: School, Public Transit, Park
Cross street: Richmond St and University Dr

Rooms

Room	Level	Size	Features
Foyer	Main	1.96 × 3.05 m (6'5" × 10')
Living Room	Main	3.87 × 5.62 m (12'8" × 18'5")	Fireplace
Kitchen	Main	3.86 × 3.57 m (12'8" × 11'9")
Bedroom	Main	3.86 × 4 m (12'8" × 13'1")
Bedroom 2	Second	2.91 × 3.65 m (9'7" × 12')
Primary Bedroom	Second	4.03 × 3.6 m (13'3" × 11'10")
Bedroom 4	Second	3.17 × 3.53 m (10'5" × 11'7")
Bedroom 3	Second
Laundry	Second	2.07 × 1.88 m (6'9" × 6'2")
Bathroom	Second	3.88 × 2.46 m (12'9" × 8'1")	4 Pc Bath
Living Room	Basement	5.98 × 3.92 m (19'7" × 12'10")
Laundry	Basement	1.98 × 2.28 m (6'6" × 7'6")
Kitchen	Basement	2.44 × 2.8 m (8' × 9'2")
Bathroom	Basement	2.44 × 1.55 m (8' × 5'1")	3 Pc Bath
Bedroom 5	Basement	2.56 × 3.6 m (8'5" × 11'10")
Primary Bedroom	Basement	2.71 × 3.22 m (8'11" × 10'7")

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 8 cafés and restaurants, 4 parks. Nearest park: Ross Park (250 m).

Schools nearby

Elementary

St. Kateri Catholic School Catholic
EQAO: Gr 6 reading 95%, math 58%1.3 km
Ryerson Public School1.4 km
Stoneybrook Public School
EQAO: Gr 6 reading 95%, math 70%1.8 km
St. Michael Separate School Catholic
EQAO: Gr 6 reading 94%, math 53%1.9 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N6A

Owners / renters: 29% / 71%
Median household income: $61,200
Average age: 41
Children under 15: 7%
Homes: 19% detached, 55% high-rise
Commute by transit: 12%
Population: 13,810

Languages spoken most at home besides English: Spanish 1.1%, Mandarin 1%, Portuguese 0.8%, Arabic 0.6%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 3 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by BLUE FOREST REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Estimated monthly cost

Mortgage: $3,503
Property tax: $497
Total: $3,999

$159,980 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $159,980
Land transfer tax: $12,473
Legal and other costs: ~$2,500
Total: $174,953

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

Adjust the numbers

Rental potential

$2,950/month

Typical asking rent for 4+ bedroom homes like this within 3.5 km (11 for rent now; most $1,000–$3,200).

As a rental, with 20% down

Rent: $2,950
Mortgage: −$3,503
Property tax: −$497
Insurance, repairs, vacancy: −$386
Cash flow: −$1,435/month

Cap rate 3.1% · gross yield 4.4%. Rentals need 20% down. Rough figures before income tax; ask us for a full analysis.

Rent control: Depends on when the unit was first lived in: before Nov. 15, 2018 it’s covered by Ontario’s yearly limit (2.1% in 2026); after, there’s no cap.

See rentals nearby