1625 Purser Street 40, London East

$479,999
1625 Purser Street 40

$479,999

New
22d
Condo TownhouseMulti-Level

1625 Purser Street 40, London East

Total Monthly Obligation $2,802

Beds
3
Baths
3
Park
1
Sqft
1400-1599
DOM
22d
Score
23
Yield
6.8%
Cash on Cash
1.1%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Condo Townhouse
MLS® Number-X13847384
Beds-3
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 1, 2026
Style-Multi-Level
Building Type-Condo Townhouse
Age-16-30
Taxes-$3,705 (2025)
Maintenance-$356.95/mo
Locker-None
Parking-2 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-IMMEDIATE
Neighbourhood-East D
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully updated, move-in-ready condo nestled in a well-maintained complex in highly sought-after Northeast London, just steps from scenic walking paths. Freshly painted throughout, this spacious home features three generous bedrooms, including a massive primary suite complete with expansive closets featuring custom built-ins and a private ensuite bath. With two full bathrooms upstairs, and a convenient main-floor powder room it makes for practical and easy living. The versatile finished basement adds fantastic extra living space, perfect for a media room, home office, or gym. Modern comfort and peace of mind are guaranteed thanks to a brand-new furnace and central air conditioning installed in 2026. Step outside to enjoy your private raised deck, with direct stairs to the ground level, ideal for outdoor relaxing or entertaining. The attached single-car garage adds to the convenience and comfort of this extremely well cared for condo!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$383,999
Land Transfer Taxes$6,075
Legal Fees (Est.)
$
Total cash required for closing$103,575

Total Monthly Obligation

$2,802/mo
Mortgage $1,936
Monthly Loss $2,292
Principal$510
Interest$1,427
Property Tax$309
Condo Fees$357
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%26
Cash-on-Cash
-4.1%3
5-Year IRR
12.5%54
10-Year IRR
12.7%
Returns Index
28.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$32,652/yr
NOI
$18,998/yr
Net Cash Flow
-$353/mo
Cash Margin
-13.0%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
30.4/ 100

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

Comparables

Properties near 1625 Purser Street 40

Time

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Data last updated within the past 24 hours.