46 Stevenson Avenue, London East

$549,900
46 Stevenson Avenue

$549,900

New
51d
DetachedBungalow

46 Stevenson Avenue, London East

Total Monthly Obligation $2,839

Beds
3
Baths
1
Park
2
Sqft
700-1100
DOM
51d
Score
20
Yield
5.0%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Detached
MLS® Number-X13736772
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-45 × 123.85 ft
Listed on site-Sep 2, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$2,950 (2025)
Parking-3 - Detached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-THE GUNN REAL ESTATE GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East N
Title-Residential Freehold

No agent assigned

Imagine coming home to a quiet East London street where the world slows down. This isn't just a bungalow; it's a masterclass in custom craftsmanship and thoughtful design.Step inside to find three independent zones of radiant heated flooring stretching through the sun-drenched living room, the spa-like bathroom, and a chef's kitchen featuring bespoke cabinetry and granite counters. Every inch of the main floor has been reimagined, from the updated windows and doors to the seamless new flooring that ties the space together.The lower level offers both comfort and efficiency, anchored by a sprawling family room and a versatile space perfect for a third bedroom. Exceptional insulation via spray foam throughout the basement and detached garage ensures year-round comfort, while a new furnace, owned on-demand water heater, and upgraded 200-amp electrical service provide modern peace of mind.The experience continues outdoors in a private sanctuary built for hosting. Spend your evenings by the fire pit or beside the tranquil fish pond, surrounded by professional landscaping, a custom concrete patio, and a tiered deck. For the hobbyist, the oversized detached garage is a standout feature, complete with full insulation, a sleek epoxy floor, and its own 100-amp electrical service.From the new roof to the meticulously maintained yard, every detail reflects a rare pride of ownership. This is a residence built for those who value quality over the status quo. We invite you to discover the quiet side of East London for yourself.

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

Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$2,839/mo
Mortgage $2,218
Monthly Loss $2,255
Principal$584
Interest$1,634
Property Tax$246
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.6%32
10-Year IRR
10.3%
Returns Index
17.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,720/yr
NOI
$17,498/yr
Net Cash Flow
-$760/mo
Cash Margin
-32.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
28.1/ 100

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

Comparables

Properties near 46 Stevenson Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.