40 Killarney Road, London North

$599,000
40 Killarney Road

$599,000

Price Change
45d
DetachedBungalow

40 Killarney Road, London North

Total Monthly Obligation $3,082

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
45d
Score
21
Yield
5.3%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Detached
MLS® Number-X13762168
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-73.2 × 100.28 ft
Listed on site-Sep 8, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,487 (2025)
Parking-3 - None
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-FOREST HILL REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-North H
Title-Residential Freehold

No agent assigned

Welcome to this beautifully updated 3-bedroom bungalow in the highly sought-after Northridge neighbourhood, where modern updates, a functional layout, and an exceptional location come together. Walking distance to excellent schools, only a 400-metre walk to Stoney Creek Commons shopping plaza with Food Basics, Dollarama, Shoppers Drug Mart and more, the community pool, Kilally Meadows and scenic Thames River trails. Enjoy easy access to the Thames Valley Parkway for walking and cycling, plus convenient connections to the 401/402 via Veterans Memorial Parkway. The standout kitchen was beautifully updated in 2019 and is truly the heart of this home. Crisp white cabinetry, premium quartz countertops, subway tile backsplash, pantry, open shelving, glass-front cabinets and stainless steel appliances create a bright, stylish and highly functional space. The adjoining dining area overlooks the private backyard and opens to the deck through sliding doors-perfect for morning coffee or entertaining. The spacious living room features a large bay window and convenient entry storage. Additional updates include luxury vinyl plank flooring, trim and window casings, pot lights, and renovated bathrooms with updated vanities, flooring and lighting. The fully finished lower level offers a generous recreation room plus two versatile finished rooms, ideal for a home office, gym, guest space or hobbies. Enjoy the private, fully fenced backyard with mature trees, a covered deck and pergola added in 2020, plus a shed. Other updates include furnace and HRV (2020), electrical panel (2019), shingles (2018), vinyl windows and custom top-down/bottom-up living room blinds and the hot water tank is owned. Double driveway and interlocking brick walkway. A beautifully maintained home in an outstanding North London location, close to nature, recreation, schools and major routes.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,082/mo
Mortgage $2,416
Monthly Loss $2,446
Principal$636
Interest$1,780
Property Tax$291
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.6%39
10-Year IRR
11.0%
Returns Index
20.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$31,860/yr
NOI
$20,687/yr
Net Cash Flow
-$692/mo
Cash Margin
-26.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
27.0/ 100

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

Comparables

Properties near 40 Killarney Road

Time

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