494 Highbury Avenue N, London East

$419,900
494 Highbury Avenue N

$419,900

New
52d
DetachedBungalow

494 Highbury Avenue N, London East

Total Monthly Obligation $2,242

HausQ Valuation Report
Beds
2
Baths
1
Park
3
Sqft
700-1100
DOM
52d
Score
27
Yield
6.8%
Cash on Cash
5.4%
Cap Rate
5.7%
5Y IRR
19.9%
10Y IRR
18.1%
Property Type-Detached
MLS® Number-X13733638
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-35 × 125 ft
Listed on site-Sep 1, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,079 (2026)
Parking-4 - Detached
Basement-Full, Partially Finished
Heating-Other (Gas)
Brokerage-THRIVE REALTY GROUP INC.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Quick possession if buyer assumes Tenants
Neighbourhood-East N
Title-Residential Freehold

No agent assigned

Solid brick bungalow with two bedrooms and updated kitchen. Large backyard and a single car detached garage! Conveniently located near bus routes, schools and shopping, this home is a great investment or perfect for right-sizers and first time buyers. Offered tenanted and with a quick close available. A nice addition to your portfolio!

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

Closing Costs

Mortgage Amount
$335,920
Land Transfer Taxes$4,873
Legal Fees (Est.)
$
Total cash required for closing$90,353

Total Monthly Obligation

$2,242/mo
Mortgage $1,694
Monthly Loss $1,796
Principal$446
Interest$1,248
Property Tax$173
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%33
Cash-on-Cash
-1.4%5
5-Year IRR
14.6%69
10-Year IRR
14.3%
Returns Index
36.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$28,512/yr
NOI
$19,082/yr
Net Cash Flow
-$104/mo
Cash Margin
-4.4%2
Cash Flow Index
2.0/ 100
Risk Profile
Weight: 20%
DSCR
0.9422
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo73
Risk Index
37.8/ 100

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

Comparables

Properties near 494 Highbury Avenue N

Time

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