1538 Sandpiper Drive, London North

$999,900
1538 Sandpiper Drive

$999,900

Price Change
39d
Detached2-Storey

1538 Sandpiper Drive, London North

Total Monthly Obligation $5,013

Beds
4
Baths
3
Park
2
Sqft
2000-2500
DOM
39d
Score
16
Yield
3.9%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.8%
Property Type-Detached
MLS® Number-X13778586
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-52.13 × 115.1 ft
Listed on site-Sep 14, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,253.87 (2026)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-LIMELIGHT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60 days / negotiable
Neighbourhood-North D
Title-Residential Freehold

No agent assigned

Welcome to 1538 Sandpiper Drive, an extensively renovated and meticulously maintained 4 bedroom home presented in pristine condition, set on a premium ravine lot backing directly onto city-owned Creekside Meadows with a private, treed setting. Offering approx. 2,492 sq. ft. above grade plus a large finished basement, this impressive two-storey provides generous family living and exceptional outdoor space. Extensive updates include engineered hardwood flooring throughout the main and second floors, tile in the bathrooms, no carpet, and freshly painted walls and ceilings throughout. The kitchen has been enhanced with a large island, quartz countertops and matching full-height quartz backsplash, complemented by ceiling-height cabinetry, built-in wall oven/microwave, cooktop and beverage cooler. The open-concept kitchen flows into the great room with a natural gas fireplace, with a separate formal living and dining room, a powder room, and a laundry/mudroom with custom cabinetry, built-in bench, hooks and storage complete the main floor. Upstairs are 4 spacious bedrooms and two 5-piece bathrooms. The updated primary ensuite features an oversized tub, a large shower with soft-close 10 mm glass sliding door, Bluetooth speakers, and a double-sink vanity with quartz countertop. The main bathroom also offers a double-sink quartz vanity. Renovated approx. 3 years ago, the basement features vinyl plank flooring, solid wood stairs, a spacious recreation/living area, 2 additional rooms and a 4-piece bathroom with tiled shower and 12 mm glass sliding door. Outside, exposed aggregate concrete extends around the home, complemented by a freshly painted wood deck and gazebo with gutters, smart backyard light posts, a storage shed, and a fully fenced yard backing onto Creekside Meadows and mature trees. Close to schools, parks, trails, shopping and North London amenities. Book a viewing today!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$799,920
Land Transfer Taxes$16,473
Legal Fees (Est.)
$
Total cash required for closing$217,953

Total Monthly Obligation

$5,013/mo
Mortgage $4,033
Monthly Loss $3,951
Principal$1,061
Interest$2,972
Property Tax$604
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.6%0
5-Year IRR
6.5%16
10-Year IRR
7.9%
Returns Index
9.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$39,132/yr
NOI
$23,465/yr
Net Cash Flow
-$2,078/mo
Cash Margin
-63.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
17.5/ 100

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

Comparables

Properties near 1538 Sandpiper Drive

Time

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