1156 HONEYWOOD DR. Drive Lot 141, London South

$887,000
1156 HONEYWOOD DR. Drive Lot 141

$887,000

New
29d
Detached2-Storey

1156 HONEYWOOD DR. Drive Lot 141, London South

Total Monthly Obligation $3,953

Beds
5
Baths
4
Park
4
Sqft
2000-2500
DOM
29d
Score
18
Yield
3.9%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-X13827398
Beds-5
Bathrooms-4
Size-2000-2500 sqft
Lot Size-37.5 × 107.91 ft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-KING REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-South U
Title-Residential Freehold

No agent assigned

Welcome to this exceptional custom-built home by Gobind Inc., featuring a dedicated spice kitchen and located in the prestigious Jackson Meadows community in South London. Offering over 2498 sq. ft. of thoughtfully designed living space, this modern flagship model boasts 4 spacious bedrooms, 4 luxurious bathrooms, and the option to finish the lower level with a separate side entrance-ideal for extended family, a future in-law suite, or rental income potential. Designed with both elegance and functionality in mind, the open-concept floor plan showcases a gourmet chef's kitchen complete with quartz countertops, a matching quartz backsplash, soft-close cabinetry, stainless steel appliances, and a fully equipped spice kitchen, providing the perfect space for everyday cooking and entertaining. Sleek glass railing, premium finishes, and contemporary design elements enhance every corner of the home, creating a sophisticated yet inviting atmosphere. This exceptional pre-construction opportunity offers the perfect blend of luxury, comfort, and convenience in one of London's most desirable neighbourhoods. Ideally located just a short walk from a new elementary school and only minutes from Highway 401, parks, shopping, and a wide range of everyday amenities, this home is perfectly positioned for modern family living. Please Note: A separate side entrance is included as a standard feature on all models where grading permits. Images shown are from a previously built model home and are for illustrative purposes only. Actual finishes, features, specifications, and finishes may vary without notice.

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

Closing Costs

Mortgage Amount
$709,600
Land Transfer Taxes$14,215
Legal Fees (Est.)
$
Total cash required for closing$193,115

Total Monthly Obligation

$3,953/mo
Mortgage $3,578
Monthly Loss $3,011
Principal$942
Interest$2,636
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.6%1
5-Year IRR
8.8%27
10-Year IRR
9.5%
Returns Index
15.0/ 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
$34,560/yr
NOI
$26,604/yr
Net Cash Flow
-$1,361/mo
Cash Margin
-47.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.6/ 100

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

Comparables

Properties near 1156 HONEYWOOD DR. Drive Lot 141

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.