1195 Riverside Drive 2, London North

$799,000
1195 Riverside Drive 2

$799,000

New
29d
Detached2-Storey

1195 Riverside Drive 2, London North

Total Monthly Obligation $4,250

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
29d
Score
17
Yield
4.7%
Cash on Cash
-5.5%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.2%
Property Type-Detached
MLS® Number-X13825340
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-33.07 ft (front)
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$7,823.85 (2026)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE/MIRACLE REALTY LTD
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-North O
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained detached home in a desirable vacant land condo community, offering the privacy of your own backyard with the convenience of low-maintenance common areas. The inviting exterior features a generous covered front porch and a welcoming separate foyer. Inside, the bright open-concept main floor creates an ideal space for everyday living and entertaining. The modern kitchen is equipped with stainless steel appliances, quartz counters, subway tile backsplash and a convenient breakfast bar. The spacious great room is highlighted by an electric fireplace, creating a warm and comfortable setting. Upstairs, the generous primary bedroom offers plenty of room for king-size furnishings, along with a walk-in closet and a stylish ensuite featuring a double vanity and walk-in shower. Two additional bedrooms, a 4-piece bathroom and a laundry room with sink complete the upper level. The professionally finished basement provides valuable additional living space with endless possibilities. Outside, enjoy a fully fenced private yard with a deck, large storage shed and mature tree providing natural shade. Ideally situated between Oakridge and Byron, with easy access to the trails and natural beauty of Springbank Park. Close to shopping, schools, parks and numerous everyday amenities.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,250/mo
Mortgage $3,223
Monthly Loss $3,402
Principal$848
Interest$2,375
Property Tax$652
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$37,548/yr
NOI
$21,469/yr
Net Cash Flow
-$1,434/mo
Cash Margin
-45.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.0/ 100

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

Comparables

Properties near 1195 Riverside Drive 2

Time

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