35 Waterman Avenue 29, London South

$399,900
35 Waterman Avenue 29

$399,900

New
28d
Condo Townhouse2-Storey

35 Waterman Avenue 29, London South

Total Monthly Obligation $2,392

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
28d
Score
24
Yield
7.0%
Cash on Cash
1.6%
Cap Rate
4.9%
5Y IRR
16.9%
10Y IRR
15.7%
Property Type-Condo Townhouse
MLS® Number-X13828788
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,521.58 (2026)
Maintenance-$369.25/mo
Locker-None
Parking-1 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-PRIME REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-Immediate
Neighbourhood-South R
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully renovated 3-bedroom townhouse in the quiet enclave of South London. Perfect for first-time buyers, this home offers a functional layout with a bright, updated, eat-in kitchen and a spacious living/dining space. The upper level boasts three generous bedrooms and a 4-piece main bathroom. For extra living space, the lower level is partially finished-ideal for a recreation room, home office, or gym-while still providing ample storage and laundry space. Upgrades include - Interior: Luxury vinyl plank flooring throughout the main and second levels with carpet on stairs. .Outdoor Living: Private rear courtyard/patio perfect for summer BBQs. Comfort: Newly installed Gas heating and central air conditioning. Location: Prime South London spot with quick access to the 401, Victoria Hospital, and shopping and the developing Bus Rapid Transat System. Steps away from parks and local favorites. Additional features are kitchen appliances, on trend sink, tap, backsplash, pot lights, flooring, hardware, new doors throughout, washer and dryer. Parking out front and private back patio. Its in a great location within the complex!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,392/mo
Mortgage $1,613
Monthly Loss $1,968
Principal$424
Interest$1,189
Property Tax$210
Condo Fees$369
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.9%3
5-Year IRR
12.7%55
10-Year IRR
12.8%
Returns Index
28.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$28,140/yr
NOI
$15,973/yr
Net Cash Flow
-$282/mo
Cash Margin
-12.0%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8315
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
34.1/ 100

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

Comparables

Properties near 35 Waterman Avenue 29

Time

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