16 Redan Street, London East

$409,900
16 Redan Street

$409,900

New
29d
Detached1 1/2 Storey

16 Redan Street, London East

Total Monthly Obligation $2,224

Beds
4
Baths
2
Park
4
Sqft
1500-2000
DOM
29d
Score
37
Yield
7.9%
Cash on Cash
9.8%
Cap Rate
6.7%
5Y IRR
23.4%
10Y IRR
21.2%
Property Type-Detached
MLS® Number-X13824316
Beds-4
Bathrooms-2
Size-1500-2000 sqft
Lot Size-36.82 × 143.79 ft
Listed on site-Sep 24, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$2,345 (2026)
Parking-4 - None
Basement-Unfinished, Partial Basement
Heating-Forced Air (Gas)
Brokerage-RE/MAX Tri-County Realty Inc Brokerage
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Brick, Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-East L
Title-Residential Freehold

No agent assigned

Welcome to this bright, beautifully renovated home, conveniently located near the many amenities London has to offer. Featuring 1,625 sq. ft. of above-grade finished living space, this move-in-ready property offers four bedrooms, including a main-floor primary bedroom, two four-piece bathrooms and convenient main-floor laundry. Renovated from top to bottom, the home showcases new flooring, fresh paint, new metal exterior doors and refreshed kitchen and bathroom vanities. Outside, you'll find parking for up to four vehicles and a spacious backyard with plenty of potential to create your ideal outdoor retreat. Perfectly priced for first-time homebuyers, this welcoming home is an excellent opportunity to enjoy modern updates, generous living space and a convenient London location.

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

Closing Costs

Mortgage Amount
$327,920
Land Transfer Taxes$4,673
Legal Fees (Est.)
$
Total cash required for closing$88,153

Total Monthly Obligation

$2,224/mo
Mortgage $1,653
Monthly Loss $1,789
Principal$435
Interest$1,218
Property Tax$195
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.4%43
Cash-on-Cash
2.6%14
5-Year IRR
17.8%85
10-Year IRR
16.9%
Returns Index
48.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
37/ 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
$32,196/yr
NOI
$22,131/yr
Net Cash Flow
$191/mo
Cash Margin
7.1%17
Cash Flow Index
17.1/ 100
Risk Profile
Weight: 20%
DSCR
1.1237
LTV Ratio
80.0%18
Vacancy Buffer
4.2 mo73
Risk Index
42.7/ 100

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

Comparables

Properties near 16 Redan Street

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.