242 BURLINGTON Street, London South

$499,900
242 BURLINGTON Street

$499,900

New
24d
DetachedBungalow

242 BURLINGTON Street, London South

Total Monthly Obligation $2,660

Beds
3
Baths
1
Park
6
Sqft
700-1100
DOM
24d
Score
22
Yield
5.8%
Cash on Cash
0.6%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
15.0%
Property Type-Detached
MLS® Number-X13842860
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-60.15 × 133.35 ft
Listed on site-Sep 29, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,219 (2025)
Parking-7 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-None
Laundry-No
Fireplace-Wood
Pool-Inground
Facing-East
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South J
Title-Residential Freehold

No agent assigned

Welcome to this 3-bedroom, 1-bathroom home in the desirable Glen Cairn subdivision, offering a fantastic opportunity to build sweat equity and make it your own! The main floor features three generous-sized bedrooms, a bright and inviting living/dining room with lovely golden oak hardwood flooring and automatic blinds, a full bathroom, and an eat-in kitchen with solid wood cabinetry. Downstairs, you'll find a huge recreation room complete with a bar and wood stove-an ideal space for entertaining, relaxing, or family gatherings. A workshop/crafts room plus laundry and storage areas provide plenty of flexibility and functionality. Step outside to your own private backyard oasis! Enjoy the heated in-ground pool, gas line for convenient BBQ hookup, and a beautiful setting backing onto greenspace with no rear neighbours. Whether you're hosting summer gatherings or enjoying a quiet evening by the pool, this backyard offers the privacy and space to truly enjoy outdoor living. Complete with an attached single garage, this home offers great potential in a fantastic Glen Cairn location. Bring your vision and transform this property into the home you've been waiting for!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,660/mo
Mortgage $2,016
Monthly Loss $2,129
Principal$531
Interest$1,486
Property Tax$268
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.3%2
5-Year IRR
11.5%46
10-Year IRR
11.8%
Returns Index
24.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$29,100/yr
NOI
$18,471/yr
Net Cash Flow
-$477/mo
Cash Margin
-19.7%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7612
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
30.8/ 100

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

Comparables

Properties near 242 BURLINGTON 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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