When people think of the financial position of a condominium, they believe it regards the amount of money in the reserve fund. The myth that has grown up around this is that a condo corporation with a large amount of money is in better shape than a condominium with a much smaller sum of money in it. Read More
1510 Richmond Street London Ontario
Elegant “Wyndham Place” is located at 1510 Richmond St in London Ontario. It is an eight-storey apartment condominium building (1989) with covered parking and deck. There are 97 units consisting of one-bedroom-plus-den, two bedrooms and a few three and four-bedroom units. 1510 Richmond Street apartment residences are sought after as they are only a few minutes away from UWO, London Health Sciences Centre and Masonville Mall and shopping area.
- Controlled Entry
- Exercise Centre
- In-Unit laundry
- On bus route
- In 2019, five 2 bedroom apartments units were sold, 1 at $260,000, 1 at $270,500, 1 at $280,000, 1 at $283,500 and the highest went for $292,000, averaging 15 days to sell!
- In 2018, One 4 bedroom/ 2 bathroom apartment sold for $289,400. Ten 2 bedroom apartments were sold, from a low of $195,000 up to $256,000. Some sold in less than 10 days while some as taking up to 81 days to sell! Here is a classic example of the difference between having a unit well priced, marketed & promoted effectively.
Everything You May Want To Know About Condos in London Ontario When Buying or Selling One!
By taking only a few minutes to review the page links below, you will save yourself money, time and you will avoid mistakes that some buyers and sellers make, even their representatives!
|Everything You May Want To Know About Mortgage & Condo Loans
Why Is A Status Certificate Necessary When Buying a Condo In London Ontario?
How To Get Great Results When Selling a Condo in London Ontario
To get great results when selling a London Ontario condo, be it an apartment or a townhouse, what do you think it takes?
Marketing a condo for sale in London Ontario takes more than just plopping a ‘for sale sign’ (and only if your condo corp allows signs, some don’t !) in front of the building or getting a Realtor to put it on MLS (Multiple Listing Service), then, praying and hoping it sells!
In today’s market place, it takes innovative marketing to sell a condo for the price you want. Read More.