297 HUNGERFORD Street, London East

$578,000
297 HUNGERFORD Street

$578,000

New
38d
DetachedBungalow

297 HUNGERFORD Street, London East

Total Monthly Obligation $2,993

Beds
5
Baths
2
Park
2
Sqft
700-1100
DOM
38d
Score
21
Yield
5.4%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Detached
MLS® Number-X13785650
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-32.81 × 88.32 ft
Listed on site-Sep 15, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,437 (2025)
Parking-4 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding, Brick
Roof-Fibreglass Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East Q
Title-Residential Freehold

No agent assigned

This is the one you've been waiting for! Welcome to this charming, bright bungalow offering the perfect blend of family living and excellent income potential. With a fully finished lower level and an active City of London rental license already in place, this home is an ideal opportunity for first-time buyers, families, or investors looking to offset their mortgage with rental income. Imagine enjoying your own private living space upstairs in a peaceful, quiet neighborhood while the lower-level rental income helps with the mortgage. It's a smart way to make homeownership more affordable! The main floor features a living room with beautiful hardwood flooring, which continues through the hallway and all 3 spacious bedrms , complemented by a full bathroom. The functional kitchen features a convenient breakfast-bar peninsula and a comfortable eat-in area overlooking a large bay window. Downstairs through the separate side entrance and discover an impressive, fully finished lower level designed with flexibility and functionality in mind. The lower level features a full kitchen, comfortable living room, two additional bedrm, a study room, and a full bath. Whether you choose to use it as a licensed rental suite, space for extended family, or simply additional living space, the possibilities are excellent. Upgrades just to name few fiberglass shingles were replaced in 2013 , furnace (2026), owned tankless water heater (TWH), energy efficiency while eliminating monthly rental costs. Fully fenced backyard backing onto mature trees with no neighbors directly behind you. Parking for 4 cars and a generous 12 ft. x 8 ft. storage room. Located within walking distance to places of worship, trails, public transit, and everyday amenities. Whether you're purchasing your first home, looking for a property with rental income, or searching for a solid investment opportunity, this bungalow checks all the right boxes at a very attractive price point.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$462,400
Land Transfer Taxes$8,035
Legal Fees (Est.)
$
Total cash required for closing$125,135

Total Monthly Obligation

$2,993/mo
Mortgage $2,331
Monthly Loss $2,379
Principal$614
Interest$1,718
Property Tax$286
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.3%2
5-Year IRR
10.7%40
10-Year IRR
11.1%
Returns Index
21.2/ 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
$31,236/yr
NOI
$20,175/yr
Net Cash Flow
-$650/mo
Cash Margin
-25.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
27.7/ 100

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

Comparables

Properties near 297 HUNGERFORD Street

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.

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Data last updated within the past 24 hours.