178 McMahen Street, London East

$674,900
178 McMahen Street

$674,900

New
24d
DetachedBacksplit 4

178 McMahen Street, London East

Total Monthly Obligation $3,442

HausQ Valuation Report
Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
24d
Score
20
Yield
5.1%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X13839370
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-32.83 × 111.85 ft
Listed on site-Sep 29, 2026
Style-Backsplit 4
Building Type-Detached
Age-16-30
Taxes-$4,141 (2025)
Parking-5 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX CENTRE CITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Above Ground
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East G
Title-Residential Freehold

No agent assigned

Welcome to your dream family retreat! Situated in a highly sought-after, newer downtown London subdivision, this bright 3-bedroom,3-bathroom home features an open-concept layout, a massive sun-drenched deck perfect for entertaining, and a refreshing above-ground pool. The new pool (2020), large multi-tier deck (2022) and new shingles (2019)are just some of the recent updates to this beautiful home. The interior features an open concept living, dining and kitchen area that's great for entertaining! A very large primary bedroom on the upper floor with a large walk-in closet and an ensuite washroom is a great place to lay your head down at the end of the day. This floor also features a ready to use laundry closet. The third floor has the other two bedrooms as well as a 4pc bathroom to make it the perfect family home. Located in the heart of the city on a quiet dead end street, there's easy access to shopping, entertainment venues, schools, bus routes, parks and community centers. It's the ultimate, move-in-ready haven for growing families in the heart of the city!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$539,920
Land Transfer Taxes$9,973
Legal Fees (Est.)
$
Total cash required for closing$146,453

Total Monthly Obligation

$3,442/mo
Mortgage $2,722
Monthly Loss $2,726
Principal$716
Interest$2,006
Property Tax$345
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
9.9%35
10-Year IRR
10.5%
Returns Index
18.6/ 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
$34,248/yr
NOI
$22,182/yr
Net Cash Flow
-$874/mo
Cash Margin
-30.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.4/ 100

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

Comparables

Properties near 178 McMahen Street

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.

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Data last updated within the past 24 hours.