1260 Victoria Drive, London East

$549,900
1260 Victoria Drive

$549,900

Price Change
29d
DetachedSidesplit 4

1260 Victoria Drive, London East

Total Monthly Obligation $2,872

Beds
4
Baths
2
Park
8
Sqft
1500-2000
DOM
29d
Score
25
Yield
6.4%
Cash on Cash
3.6%
Cap Rate
5.3%
5Y IRR
18.4%
10Y IRR
16.9%
Property Type-Detached
MLS® Number-X13822014
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-55 × 100 ft
Listed on site-Sep 24, 2026
Style-Sidesplit 4
Building Type-Detached
Age-51-99
Taxes-$3,350.6 (2026)
Parking-9 - Detached
Basement-Development Potential, Full, Separate Entrance, Partially Finished
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Family Room
Pool-None
Facing-South
Exterior-Brick
Roof-Metal
Foundation-Poured Concrete, Concrete
Sewer-Sewer
Possession-FLEXIBLE, QUICK CLOSE AVAILABLE
Neighbourhood-East C
Title-Residential Freehold

No agent assigned

Welcome to 1260 Victoria Dr! This inviting 4-level side split offers a versatile floor plan, and many updates that pose an excellent opportunity to enter the London real estate market in a move in ready home. Recently refinished flooring and baseboards throughout give the home a fresh, polished feel from the moment you step inside.The main level opens with a welcoming foyer leading to a sun-filled living room, where a beautiful bay window draws in plenty of natural light. The adjoining dining area flows seamlessly into the kitchen, complete with updated appliances, including a gas stove. Upstairs, you'll find three well-appointed bedrooms and a full 4-piece bathroom. The lower level expands the home's possibilities with a generous family room centred around a natural gas fireplace, an additional bedroom, 2-piece bathroom and separate entrance providing direct access to the backyard and driveway-ideal for an in-law-suite, guests, a home office or additional living space. The unfinished basement features high ceilings, a utility area and substantial storage, with excellent potential for future development. Outside, the fully fenced yard is complemented by an expansive composite deck and oversized detached single-car garage, perfect for parking, a workshop or additional storage. A concrete driveway accommodates 6+ vehicles, while a steel roof and security system add further value. Situated in an established London neighbourhood close to shopping, schools, parks, restaurants, transit and everyday conveniences, this 4-bedroom home delivers space, flexibility and valuable updates inside and out. A fantastic opportunity for first-time buyers ready to make their move into the market. Check this home out by taking the 3D virtual tour or book your private showing today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$2,872/mo
Mortgage $2,218
Monthly Loss $2,289
Principal$584
Interest$1,634
Property Tax$279
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%30
Cash-on-Cash
-2.3%4
5-Year IRR
13.9%64
10-Year IRR
13.7%
Returns Index
33.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$35,316/yr
NOI
$23,934/yr
Net Cash Flow
-$224/mo
Cash Margin
-7.6%1
Cash Flow Index
1.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9020
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
31.4/ 100

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

Comparables

Properties near 1260 Victoria Drive

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.