93 Manitoulin Drive, London East

$539,900
93 Manitoulin Drive

$539,900

New
23d
DetachedBungalow

93 Manitoulin Drive, London East

Total Monthly Obligation $2,822

HausQ Valuation Report
Beds
3
Baths
1
Park
6
Sqft
700-1100
DOM
23d
Score
21
Yield
5.4%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X13845812
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-30 × 158 ft
Listed on site-Sep 30, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,235 (2025)
Parking-7.5 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Metal
Foundation-Concrete
Sewer-Sewer
Possession-immediate
Neighbourhood-East O
Title-Residential Freehold

No agent assigned

Welcome to 93 Manitoulin Drive, your Home Sweet Home in London's Fairmont Neighbourhood. This garage/shop isn't your average detached 18ft x 24ft garage!! With a high ceiling and RV outlet - it's a proper shop, complete with its own hydro, exhaust system, and in-floor glycol heating. Whether you're a hobbyist, a tradesperson, or just someone who loves a great workspace, this one will not disappoint. But wait! There's more! This AWESOME shop comes with a HOUSE (where almost all the majors are DONE!) A solid bungalow in the Fairmont neighbourhood - it's move-in ready and packed with updates that matter. Fresh flooring and paint give the home a clean, updated feel, and the big-ticket items are already done - new furnace and AC (2020), new metal roof (2025), and upgraded insulation (2024). You can move in with confidence knowing the expensive stuff is taken care of. Three bedrooms, a full bathroom, and a large unfinished basement ready for your vision- whether that's extra living space, a home gym, or storage galore. The longer double driveway fits up to six cars, so parking is never a concern.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$431,920
Land Transfer Taxes$7,273
Legal Fees (Est.)
$
Total cash required for closing$116,753

Total Monthly Obligation

$2,822/mo
Mortgage $2,178
Monthly Loss $2,249
Principal$573
Interest$1,605
Property Tax$270
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%1
5-Year IRR
10.3%38
10-Year IRR
10.9%
Returns Index
20.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$28,932/yr
NOI
$18,304/yr
Net Cash Flow
-$652/mo
Cash Margin
-27.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
28.7/ 100

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

Comparables

Properties near 93 Manitoulin Drive

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.