309 Cromwell Street, London East

$1,249,000
309 Cromwell Street

$1,249,000

New
29d
Detached2-Storey

309 Cromwell Street, London East

Total Monthly Obligation $5,980

Beds
3
Baths
3
Park
3
Sqft
2000-2500
DOM
29d
Score
15
Yield
2.9%
Cash on Cash
-11.1%
Cap Rate
2.2%
5Y IRR
6.9%
10Y IRR
7.9%
Property Type-Detached
MLS® Number-X13823008
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-71.33 × 151 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,806 (2025)
Parking-3 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Stone, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Brick, Concrete, Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

Classic charm meets modern comfort in this beautifully presented Old North family home. Nestled on a picturesque street in a sought-after mature neighbourhood, this residence showcases inviting living spaces, stylish finishes, and timeless architectural character. From the welcoming curb appeal to the bright and functional interior, every space feels warm and thoughtfully designed. The living room is open and airy with high ceilings and lots of natural light. The modern eat-in kitchen has hard surface countertops, island with bar seating and lots of storage. The large family room is cozy and a great gathering space. The main floor primary bedroom suite feels like luxury abound with the great ensuite washroom boasting a soaker tub and a tiled shower as well as access to the back deck area. An additional bedroom and 4-piece bathroom complete the ground level. On the second level you will find a stunning space highlighted by a large living room with the stunning modern kitchen with island and bar seating. A massive sleeping /Open area with sitting area and 3-piece ensuite bathroom complete the second level which has 'in-law suite' potential. The private outdoor area creates the perfect backdrop for entertaining, summer evenings, or quiet morning coffee. Ideally located near downtown London, Western University, St Joseph's Hospital, Doidge Park, excellent schools, parks, dining, and transit, this is an exceptional opportunity to enjoy urban convenience within an established residential setting.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$999,200
Land Transfer Taxes$21,455
Legal Fees (Est.)
$
Total cash required for closing$272,755

Total Monthly Obligation

$5,980/mo
Mortgage $5,038
Monthly Loss $4,655
Principal$1,326
Interest$3,712
Property Tax$567
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.4%0
5-Year IRR
4.3%9
10-Year IRR
6.2%
Returns Index
5.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$36,804/yr
NOI
$21,818/yr
Net Cash Flow
-$3,220/mo
Cash Margin
-105.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
15.4/ 100

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

Comparables

Properties near 309 Cromwell Street

Time

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