20 Kernohan Parkway 23, London South

$485,000
20 Kernohan Parkway 23

$485,000

New
25d
Condo TownhouseBungalow

20 Kernohan Parkway 23, London South

Total Monthly Obligation $2,773

Bed+Den
3+1
Baths
3
Park
1
Sqft
1000-1199
DOM
25d
Score
20
Yield
5.8%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Condo Townhouse
MLS® Number-X13833952
Bed+Den-3+1
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Sep 28, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-16-30
Taxes-$3,101 (2025)
Maintenance-$358.43/mo
Locker-None
Parking-2 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Brick Veneer
Possession-Flexible
Neighbourhood-South D
Title-Residential Condo & Other

No agent assigned

Fully updated one-floor living, just steps from everyday amenities. This turnkey bungalow townhome is truly walkable to Southcrest Shopping Plaza with Giant Tiger, Tim Hortons, Pet Valu, restaurants, and services, while still offering a quiet, private setting away from heavy traffic. A private rear deck with sunny southwest exposure provides an excellent outdoor space and fills the home with natural light. Well kept and cared for, the bright main floor features updated flooring, in-ceiling lighting, and an open living and dining area centred around a built-in electric fireplace/media wall with a walkout to the deck. The kitchen offers high-end appliances (including a NEW built-in microwave), ample cabinetry, and a practical layout with everything within easy reach. Enjoy true single-level ease with main-floor laundry, a dedicated powder room off the main living area, and a spacious primary bedroom with two closets, lots of room for a king-size bed and additional furniture, plus an updated ensuite bathroom. A second main-floor bedroom offers flexibility as a guest room or den/office. The finished lower level includes a rec room, third bedroom, full bathroom with stand-up shower, and storage, ideal for visiting family, hobbies, or a quiet work-from-home setup. Additional features include an attached garage, driveway parking, and an owned water heater**, with** no rental fees. Close to Springbank Park, walking trails, and transit, this is a move-in-ready opportunity for downsizers or anyone seeking low-maintenance living in London's beautiful Southcrest community.

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

Closing Costs

Mortgage Amount
$388,000
Land Transfer Taxes$6,175
Legal Fees (Est.)
$
Total cash required for closing$104,675

Total Monthly Obligation

$2,773/mo
Mortgage $1,956
Monthly Loss $2,258
Principal$515
Interest$1,442
Property Tax$258
Condo Fees$358
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.8%1
5-Year IRR
9.6%33
10-Year IRR
10.4%
Returns Index
17.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,996/yr
NOI
$15,394/yr
Net Cash Flow
-$674/mo
Cash Margin
-28.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.668
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo59
Risk Index
28.6/ 100

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

Comparables

Properties near 20 Kernohan Parkway 23

Time

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