245 Bernard Avenue, London East

$799,900
245 Bernard Avenue

$799,900

New
28d
Detached2-Storey

245 Bernard Avenue, London East

Total Monthly Obligation $4,261

Beds
5
Baths
3
Park
3
Sqft
2000-2500
DOM
28d
Score
18
Yield
5.0%
Cash on Cash
-4.2%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
12.0%
Property Type-Detached
MLS® Number-X13827324
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-48.89 × 125.68 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$7,913 (2025)
Parking-4 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Wood
Pool-None
Facing-South
Exterior-Aluminum Siding, Concrete Block
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

UNIQUE OPPORTUNITY FOR THE SAVVY INVESTOR and/or UWO PARENTS! STEPS FROM THE RICHMOND GATES OF UWO, THIS HOME EXUDES ORIGINAL CHARM WITH A BEAMED CATHEDRAL CEILING IN THE MAIN FLOOR LIVING ROOM THAT FEATURES BUILT-INS AND A GORGEOUS NATURAL FIREPLACE MANTLE + OVERHEAD BALCONY! OTHER AMAZING FEATURES INCLUDE MAIN FLOOR LAUNDRY OFF THE KITCHEN, A LARGE RECENTLY RENOVATED EAT-IN KITCHEN WITH QUARTZ COUNTERTOPS AND 4 +1 BEDROOMS, 2.5 BATHS AND PLENTY OF COMMON AREA! THIS PROPERTY IS A PLEASURE TO SHOW AND OFFERS THE IDEAL LOCATION, CLOSE TO UWO CAMPUS, WALKING TRAILS, THE THAMES RIVER AND SHOPPING (MASONVILLE)! PUBLIC TRANSIT IS JUST A SHORT WALK AWAY! CURRENTLY RENTED AT $800.00/BEDROOM +UTILITIES. PROPERTY WILL BE VACANT FOR MAY 1, 2027.

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

Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$4,261/mo
Mortgage $3,227
Monthly Loss $3,412
Principal$849
Interest$2,378
Property Tax$659
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.8%27
10-Year IRR
9.7%
Returns Index
14.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$40,044/yr
NOI
$23,627/yr
Net Cash Flow
-$1,258/mo
Cash Margin
-37.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.3/ 100

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

Comparables

Properties near 245 Bernard Avenue

Time

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Data last updated within the past 24 hours.