9861 GLENDON Drive 122, Middlesex Centre

$639,900
9861 GLENDON Drive 122

$639,900

New
28d
Condo TownhouseBungalow

9861 GLENDON Drive 122, Middlesex Centre

Total Monthly Obligation $3,248

Bed+Den
3+1
Baths
3
Park
1
Sqft
1200-1399
DOM
28d
Score
17
Yield
3.7%
Cash on Cash
-9.3%
Cap Rate
2.6%
5Y IRR
8.3%
10Y IRR
8.9%
Property Type-Condo Townhouse
MLS® Number-X13828052
Bed+Den-3+1
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-6-10
Taxes-$4,102 (2025)
Maintenance-$125/mo
Locker-None
Parking-2 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND ROBERT DILORETO REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Exterior-Stone, Stucco (Plaster)
Foundation-Poured Concrete
Possession-60 DAYS
Neighbourhood-Komoka
Title-Residential Condo & Other

No agent assigned

Absolutely move-in ready 2+1 Bedroom, 3 Bath one floor condo with its own private fenced rear yard in Executive BELLA LAGO condo community in Beautiful KOMOKA! These types of condos with private rear yards a rare find anywhere let alone in desirable KOMOKA. Discover convenient condo living at its finest and in a fantastic location within walking distance to restaurants, convenience shopping, LifeLabs, Dental/Optical/Physio/Vet clinics + very short drive to Komoka Wellness Centre, excellent choice of area golf courses & grocery stores & easy access to HWY 402 and London! This magazine worthy 2+1 bedroom, 3 bath one floor executive is situated in a well maintained vacant land condo complex with ample visitor parking & features: attractive curb appeal with stone & stucco front elevation & 1.5 car garage; serene modern interior design, neutral decor & numerous upgrades; impressive foyer with cathedral ceiling; 9ft ceilings throughout main level; carpet free; open concept; custom millwork boasts shiplap accents in living room; gas fireplace; beautiful kitchen with island, quartz countertops and stainless steel appliances; luxurious primary bedroom with custom feature wall, walk-in closet w/stylish barn door slider and beautiful 4pc ensuite; additional main floor bedroom & 4pc guest bath; large mudroom w/plumbing for main floor laundry if desired; beautifully finished lower level with large family room, 3rd bedroom, 3pc bath + plenty of potential living space if needed. The private fenced yard features composite deck(2025) w/BBQ gas line and plenty of space for pets or kids! Added features include: C/VAC roughed in, HRV, on-demand hot water heater (rented). This is a vacant land condo with low monthly fees. This home is better than new as it is in a quiet established yet newer area. More details are available!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$511,920
Land Transfer Taxes$9,273
Legal Fees (Est.)
$
Total cash required for closing$138,753

Total Monthly Obligation

$3,248/mo
Mortgage $2,581
Monthly Loss $2,569
Principal$679
Interest$1,902
Property Tax$342
Condo Fees$125
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.4/ 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
$23,400/yr
NOI
$13,058/yr
Net Cash Flow
-$1,493/mo
Cash Margin
-76.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
23.8/ 100

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

Comparables

Properties near 9861 GLENDON Drive 122

Time

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