648 Westwood Drive, London South

$629,900
648 Westwood Drive

$629,900

New
30d
DetachedBungalow

648 Westwood Drive, London South

Total Monthly Obligation $3,395

Beds
3
Baths
2
Park
6
Sqft
1100-1500
DOM
30d
Score
20
Yield
5.7%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.0%
Property Type-Detached
MLS® Number-X13818502
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-100 × 160 ft
Listed on site-Sep 23, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$5,750 (2025)
Parking-8 - Attached
Basement-Full, Partially Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-South C
Title-Residential Freehold

No agent assigned

Client RemarksTucked away on a quiet dead-end street, this sprawling bungalow offers a rare combination of privacy, space, and convenience on an impressive 0.377-acre lot, creating an almost village- like setting in the heart of the city. Just steps from Mitchell Park and minutes to Springbank Park and Wonderland gardens. This exceptional property features a bright and spacious layout with three generously sized bedrooms, a welcoming family room, a formal dining area, a full 4-piece bathroom, and a convenient 2-piece powder room. Kitchen boasts porcelain tile floors and enameled cast iron sink. The partially finished basement, with a separate entrance through the attached double garage, offers endless potential for additional living space, an in-law suite, recreation room, or home gym. Outside, enjoy the oversized double garage, parking for up to six vehicles, and a sprawling backyard with plenty of room to relax, entertain, or simply enjoy the peaceful surroundings. This property is Ideally located close to parks, trails, schools, shopping, and all amenities. This is a rare opportunity to own a premium oversized lot in one of London's most sought-after neighborhoods. Please note the wood-burning fireplace has not been used by the current owners and is being sold in "as-is" condition. Black gas fireplace in the basement family room is currently not working, but gas hookup is there. Being sold in 'As Is' condition.

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

Closing Costs

Mortgage Amount
$503,920
Land Transfer Taxes$9,073
Legal Fees (Est.)
$
Total cash required for closing$136,553

Total Monthly Obligation

$3,395/mo
Mortgage $2,541
Monthly Loss $2,726
Principal$669
Interest$1,872
Property Tax$479
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
10.8%41
10-Year IRR
11.3%
Returns Index
21.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$35,988/yr
NOI
$22,139/yr
Net Cash Flow
-$696/mo
Cash Margin
-23.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
25.2/ 100

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

Comparables

Properties near 648 Westwood Drive

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