65 David Street, London South

$689,999
65 David Street

$689,999

New
28d
DetachedBungalow

65 David Street, London South

Total Monthly Obligation $3,549

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
28d
Score
18
Yield
4.8%
Cash on Cash
-3.9%
Cap Rate
3.7%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X13829056
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-60.13 × 136.93 ft
Listed on site-Sep 25, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,693.9 (2025)
Parking-4 - None
Basement-Finished
Heating-Other (Gas)
Brokerage-PRIME REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-Above Ground
Facing-South
Exterior-Brick, Stone
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Septic
Possession-60 days
Neighbourhood-South V
Title-Residential Freehold

No agent assigned

Welcome to 65 David Street a stunning all-brick bungalow, with stone accent, nestled on a deep, mature lot in the highly desirable community of Lambeth. Offering over 2,300 sqft of finished living space, this move-in-ready home seamlessly blends classic character with modern design. Step inside to find a main level designed for flexible living. Need quiet away from the main hub? The original garage has been thoughtfully converted into an expansive living room featuring a dedicated mudroom and a convenient side entrance. The oversized kitchen is built for connection, complete with counter seating where guests can gather while you cook. With three spacious main-floor bedrooms smartly positioned away from the primary living zones, night-shift workers and parents with napping kids can finally get some peaceful rest.Downstairs, the finished lower level adds nearly 900 sq. ft. of extra space. It includes a fourth bedroom with a direct cheater ensuite-an ideal setup for teenagers, long-term guests, orin-laws. Outside, your personal summer oasis awaits. The fenced yard is an entertainer's dream, featuring a deck, a refreshed pool (new liner in 2024), a brand-new concrete pad for the hot tub (2022), and a cozy fire pit surrounded by fresh gardens (2022). With generous green space left over for kids and pets to run, plus a spacious utility shed for winter patio storage and lawn gear, you get the kind of lot size that is rare to find today.Key Updates & Features:Septic pumped (2026),New pool liner (2024),Concrete hot tub pad & firepit (2022), Ample driveway parking for multiple vehicles. Tucked away on a peaceful, low-traffic street shaded by mature trees, you are just a short stroll to local schools, parks, and Lambeth's charming village amenities. Commuters will love being minutes from the 401/402 highways, with quick access across London or a straight shot down Colonel Talbot to the beaches of Port Stanley.Homes offering this much versatile space, don't last!

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Closing Costs

Mortgage Amount
$551,999
Land Transfer Taxes$10,275
Legal Fees (Est.)
$
Total cash required for closing$149,775

Total Monthly Obligation

$3,549/mo
Mortgage $2,783
Monthly Loss $2,817
Principal$732
Interest$2,051
Property Tax$391
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.8%28
10-Year IRR
9.7%
Returns Index
15.1/ 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
$33,048/yr
NOI
$20,549/yr
Net Cash Flow
-$1,071/mo
Cash Margin
-38.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.627
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.3/ 100

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

Comparables

Properties near 65 David Street

Time

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