17 McDonald Avenue, London North

$578,000
17 McDonald Avenue

$578,000

New
23d
DuplexBungalow

17 McDonald Avenue, London North

Total Monthly Obligation $3,219

Beds
4
Baths
2
Park
4
Sqft
1100-1500
DOM
23d
Score
18
Yield
4.9%
Cash on Cash
-5.3%
Cap Rate
3.4%
5Y IRR
11.3%
10Y IRR
11.3%
Property Type-Duplex
MLS® Number-X13842400
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40 × 137 ft
Listed on site-Sep 30, 2026
Style-Bungalow
Building Type-Duplex
Taxes-$6,152 (2025)
Parking-4 - Detached
Basement-Partial Basement
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Block
Sewer-Sewer
Possession-flexible
Neighbourhood-North K
Title-Residential Freehold

No agent assigned

Turnkey Legal Duplex Walking Distance to Western University! An exceptional opportunity in one of London's most sought-after rental locations. Licensed as a legal duplex, this well-maintained property features two self-contained suites with separate hydro meters and private laundry in each unit. Approximately 10 years ago, the home underwent extensive renovations that included electrical, plumbing, insulation, flooring, kitchens, bathrooms, windows, shingles, siding, furnace, central air, and appliances, offering peace of mind for years to come.The front unit offers 3 bedrooms, a bright living room, an updated kitchen, and a 4-piece bathroom. The rear unit features a comfortable 1-bedroom suite with its own kitchen, living room, and 4-piece bathroom, creating an excellent opportunity for additional rental income.Outside, enjoy a generous partially fenced backyard, parking for up to four vehicles, and a detached garage/workshop with hydro, perfect for storage, hobbies, or additional workspace. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers outstanding flexibility and long-term value. Located on a quiet street just minutes from Western University, public transit, and everyday amenities, with direct bus routes to Fanshawe College and downtown, this is a turnkey investment in a consistently high-demand rental area.

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

Closing Costs

Mortgage Amount
$462,400
Land Transfer Taxes$8,035
Legal Fees (Est.)
$
Total cash required for closing$125,135

Total Monthly Obligation

$3,219/mo
Mortgage $2,331
Monthly Loss $2,606
Principal$614
Interest$1,718
Property Tax$513
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.4%20
10-Year IRR
8.7%
Returns Index
11.4/ 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
$28,356/yr
NOI
$14,868/yr
Net Cash Flow
-$1,092/mo
Cash Margin
-46.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.5/ 100

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

Comparables

Properties near 17 McDonald Avenue

Time

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