601 Lions Park Drive 32, Strathroy-Caradoc

$499,900
601 Lions Park Drive 32

$499,900

New
32d
Vacant Land CondoMulti-Level

601 Lions Park Drive 32, Strathroy-Caradoc

Total Monthly Obligation $2,585

Beds
3
Baths
3
Park
1
Sqft
1600-1799
DOM
32d
Score
24
Yield
6.0%
Cash on Cash
1.1%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Vacant Land Condo
MLS® Number-X13810980
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Sep 21, 2026
Style-Multi-Level
Building Type-Vacant Land Condo
Taxes-$3,137 (2025)
Maintenance-$107.02/mo
Locker-None
Parking-2 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS LIFESTYLES
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Vinyl Siding, Brick
Foundation-Poured Concrete
Possession-60-90 days
Neighbourhood-Mount Brydges
Title-Residential Condo & Other

No agent assigned

Move-in ready and backing onto green space, this 3 bedroom, 3.5 bathroom multi-level vacant land condo offers a great combination of modern living, privacy and low-maintenance convenience. Built in 2020, this is one of only a few units in the development with no neighbours directly behind. The bright kitchen opens to an upper deck overlooking the greenery, while the finished lower level features a walkout to a second deck and fully fenced outdoor space. With an attached garage, modern finishes and multiple levels of finished living space, this home offers plenty of room to spread out while enjoying a private setting in the growing community of Mt. Brydges.

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%
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$
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,585/mo
Mortgage $2,016
Monthly Loss $2,054
Principal$531
Interest$1,486
Property Tax$261
Condo Fees$107
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.7%3
5-Year IRR
12.7%55
10-Year IRR
12.7%
Returns Index
28.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$30,000/yr
NOI
$20,179/yr
Net Cash Flow
-$335/mo
Cash Margin
-13.4%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo63
Risk Index
32.5/ 100

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

Comparables

Properties near 601 Lions Park Drive 32

Time

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