1241 Hamilton Road 53, London East

$494,900
1241 Hamilton Road 53

$494,900

New
32d
Condo TownhouseBungalow

1241 Hamilton Road 53, London East

Total Monthly Obligation $2,891

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
32d
Score
16
Yield
3.3%
Cash on Cash
-15.0%
Cap Rate
1.4%
5Y IRR
3.9%
10Y IRR
5.6%
Property Type-Condo Townhouse
MLS® Number-X13807944
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 21, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,950 (2025)
Maintenance-$449.12/mo
Locker-None
Parking-2 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Possession-flexible
Neighbourhood-East P
Title-Residential Condo & Other

No agent assigned

Welcome to The 18th at East Park. This complex is located directly beside East Park golf course, this beautifully kept 2 bedroom, 2 full bathroom bungalow style condo featuring hardwood floors and cathedral ceilings, freshly painted throughout, new lighting throughout and cozy living room with gas fireplace, updated 3pc bathroom (new vanity and toilet)with walk-in shower, bright open kitchen with new stainless steel appliances, newer tile floors, a light-filled dining area where you can look out onto the very private and picturesque green space...enjoy your morning coffee or evening glass of wine under your powered awning-covered patio. Main floor bedroom closet has functioning hook-ups for laundry in place or laundry can be in the lower level utility room whichever you choose. The fully finished basement with newer carpets (2021) features an enormous living space with gas fireplace, spacious closets and a 4pc bathroom. Located in a sought-after complex with affordable condo fees is convenient with easy access to the 400 highways, shopping, restaurants and many amenities! One of the best complexes London has to offer!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$395,920
Land Transfer Taxes$6,373
Legal Fees (Est.)
$
Total cash required for closing$106,853

Total Monthly Obligation

$2,891/mo
Mortgage $1,996
Monthly Loss $2,366
Principal$525
Interest$1,471
Property Tax$246
Condo Fees$449
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.8%7
Cash-on-Cash
-19.0%0
5-Year IRR
1.0%4
10-Year IRR
4.0%
Returns Index
2.8/ 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
$16,116/yr
NOI
$3,765/yr
Net Cash Flow
-$1,683/mo
Cash Margin
-125.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.161
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
25.7/ 100

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

Comparables

Properties near 1241 Hamilton Road 53

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.