24 Fairview Court, London South

$469,900
24 Fairview Court

$469,900

New
60d
Detached1 1/2 Storey

24 Fairview Court, London South

Total Monthly Obligation $2,728

Beds
7
Baths
2
Park
6
Sqft
1100-1500
DOM
60d
Score
32
Yield
8.1%
Cash on Cash
8.4%
Cap Rate
6.4%
5Y IRR
22.4%
10Y IRR
20.3%
Property Type-Detached
MLS® Number-X13710308
Beds-7
Bathrooms-2
Size-1100-1500 sqft
Lot Size-79.81 × 216.9 ft
Listed on site-Aug 24, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$5,492.21 (2026)
Parking-6 - None
Basement-Apartment, Finished, Full, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-THE REALTY FIRM INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South H
Title-Residential Freehold

No agent assigned

Spacious property situated on an impressive 79.81 x 216.9 ft lot, offering exceptional potential for investors, multi-generational living, or buyers looking to add value. Featuring 7 bedrooms, a separate lower-level entrance, a durable metal roof, an extended paved driveway with parking for up to eight vehicles, and a generous backyard. Ideally located just minutes from LHSC Victoria Hospital, with convenient access to Highway 401 and an abundance of nearby shopping and amenities. The property requires updating and TLC but presents an excellent opportunity to renovate and customize to suit your needs. Property is being sold under Power of Sale and is being sold in "as is, where is" condition without any representations or warranties.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$375,920
Land Transfer Taxes$5,873
Legal Fees (Est.)
$
Total cash required for closing$101,353

Total Monthly Obligation

$2,728/mo
Mortgage $1,895
Monthly Loss $2,229
Principal$499
Interest$1,397
Property Tax$458
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.2%40
Cash-on-Cash
1.6%11
5-Year IRR
17.1%82
10-Year IRR
16.4%
Returns Index
45.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
32/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,196/yr
NOI
$24,384/yr
Net Cash Flow
$137/mo
Cash Margin
4.3%11
Cash Flow Index
10.5/ 100
Risk Profile
Weight: 20%
DSCR
1.0733
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
36.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 24 Fairview Court

Time

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Data last updated within the past 24 hours.