939 Deveron Crescent, London South

$624,900
939 Deveron Crescent

$624,900

New
23d
Detached2-Storey

939 Deveron Crescent, London South

Total Monthly Obligation $3,306

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
23d
Score
18
Yield
4.7%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-X13843228
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-30.23 × 103.54 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$4,929 (2025)
Parking-2 - Built-In
Basement-Development Potential, Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-SAKER REALTY CORPORATION
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding, Hardboard
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-60 days
Neighbourhood-South J
Title-Residential Freehold

No agent assigned

Beautifully crafted by Ironstone Homes, this move-in-ready Chatsworth model was built just four years ago and sits on a premium corner lot. From the moment you arrive, you'll appreciate the home's outstanding curb appeal. The exterior is finished with premium materials, including white James Hardie siding, a metal accent roof, and a striking red insulated steel front door that adds character and charm. Step inside to discover engineered hardwood flooring and an abundance of natural light flowing throughout the open-concept main floor. The stylish kitchen features quartz countertops, modern black fixtures, and a spacious peninsula with seating for four, making it the perfect space for both everyday living and entertaining. Upstairs, you'll find three generously sized bedrooms, two full bathrooms, and the convenience of second-floor laundry. The primary suite easily accommodates a king-sized bed and offers a walk-in closet along with a private ensuite featuring a walk-in shower. The unfinished basement provides a blank canvas to bring your vision to life while adding future value to the home. Outside, the backyard is already partially fenced, a valuable upgrade compared to many newly built homes. You'll also appreciate the ample visitor parking located directly across the street. Opportunities like this are hard to find. Offering over 1,600 square feet of finished living space in the mid-$600s, this nearly new home delivers exceptional value, given its $53k less then this same new build model today and includes appliances! Come see it for yourself today!

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

Mortgage Amount
$499,920
Land Transfer Taxes$8,973
Legal Fees (Est.)
$
Total cash required for closing$135,453

Total Monthly Obligation

$3,306/mo
Mortgage $2,521
Monthly Loss $2,643
Principal$663
Interest$1,857
Property Tax$411
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.9%22
10-Year IRR
9.0%
Returns Index
12.5/ 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
$29,268/yr
NOI
$16,912/yr
Net Cash Flow
-$1,111/mo
Cash Margin
-45.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.2/ 100

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

Comparables

Properties near 939 Deveron Crescent

Time

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