470 Coombs Avenue, London North

$989,000
470 Coombs Avenue

$989,000

Price Change
36d
DetachedBungalow

470 Coombs Avenue, London North

Total Monthly Obligation $4,962

Beds
4
Baths
3
Park
6
Sqft
1500-2000
DOM
36d
Score
16
Yield
3.9%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.5%
10Y IRR
9.9%
Property Type-Detached
MLS® Number-X13803604
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-75 × 165.43 ft
Listed on site-Sep 17, 2026
Style-Bungalow
Building Type-Detached
Taxes-$7,168 (2026)
Parking-7 - Attached
Basement-Apartment, Separate Entrance, Full, Finished
Heating-Forced Air (Gas)
Brokerage-LONDON LIVING REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Wood
Pool-None
Facing-East
Exterior-Stucco (Plaster), Wood
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-North K
Title-Residential Freehold

No agent assigned

Welcome to this beautifully renovated and thoughtfully designed 3+1 bedroom home with a separate basement apartment, ideally located within walking distance of University Heights Public School, Western University and Ivey Business School. Extensively updated throughout, this impressive property features new or updated roof, windows, electrical and plumbing, offering modern comfort while maintaining a warm and inviting feel. Custom built-in cabinetry and abundant storage have been carefully incorporated throughout the home. The bright and spacious living room is highlighted by a raised ceiling, skylight windows and a charming wood-burning fireplace. A generous entrance foyer provides spacious closets and a welcoming first impression. The primary bedroom is a wonderful retreat featuring an ensuite bathroom, walk-in closets and direct access to the deck. Step outside to a spacious deck designed for entertaining, overlooking a large, private, fully fenced backyard with beautiful gardens and a garden shed. The finished lower level provides even more living space with an additional bedroom, recreation room and ample storage. A separate basement apartment complete with its own kitchen, bathroom and laundry offers excellent flexibility for extended family, guests or additional living space. Additional highlights include a one-car garage, large newly finished driveway with parking for multiple vehicles, sump pump, and exceptional indoor and outdoor living spaces. Spacious, beautifully renovated and ideally situated near Western University-this is a home designed for comfortable living, entertaining and flexibility.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$791,200
Land Transfer Taxes$16,255
Legal Fees (Est.)
$
Total cash required for closing$215,555

Total Monthly Obligation

$4,962/mo
Mortgage $3,989
Monthly Loss $3,912
Principal$1,050
Interest$2,940
Property Tax$597
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
$38,784/yr
NOI
$23,238/yr
Net Cash Flow
-$2,053/mo
Cash Margin
-63.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.494
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo30
Risk Index
17.6/ 100

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

Comparables

Properties near 470 Coombs Avenue

Time

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