43 Lynngate Grove, London South

$929,900
43 Lynngate Grove

$929,900

New
22d
DetachedBacksplit 4

43 Lynngate Grove, London South

Total Monthly Obligation $4,620

Beds
3
Baths
2
Park
4
Sqft
2000-2500
DOM
22d
Score
17
Yield
4.2%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X13849828
Beds-3
Bathrooms-2
Size-2000-2500 sqft
Lot Size-40.49 × 144.31 ft
Listed on site-Oct 1, 2026
Style-Backsplit 4
Building Type-Detached
Age-31-50
Taxes-$5,934.43 (2025)
Parking-8 - Attached
Basement-Partially Finished, Full, Walk-Out
Heating-Forced Air (Gas)
Brokerage-RE/MAX ADVANTAGE REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Wood Stove
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South M
Title-Residential Freehold

No agent assigned

Step inside and be delighted by this beautifully renovated, open-concept home. Highlights include an impressive detached heated workshop/garage built in 2019 (approx. 23' x 29') with built-in cabinets and its own pressed-concrete driveway. The stunning custom kitchen is the centerpiece, featuring a large central island, built-in bar fridge & microwave plus direct access to a covered deck-ideal for casual meals or seamless indoor-outdoor entertaining. The dining area flows naturally into the great room, creating an expansive, welcoming layout that's perfect for family life and larger gatherings, while luxury flooring runs throughout for a cohesive, modern finish. Upstairs you'll find three well appointed bedrooms. The master having ensuite privileges.The lower level offers versatile living with two walk-outs, a family room with a wood-burning stove, an additional bedroom or office/den, a large laundry room with built-in shelving, and a walkin glass shower bathroom. The fourth level adds significant space, including abundant storage (could be a large finished area), cold room and a utility room with a partial kitchen setup. Outside, forget the cottage and rather enjoy this private backyard with resort-like amenities at home. A high-ceiling cabana with a natural gas fireplace sits above a pressed-concrete patio, creating an inviting outdoor living area, a raised vegetable garden bed (approximately 7' x 16') and an 8' x 11' garden shed. Tucked at the rear corner of the lot is that impressive heated workshop/garage! Recent mechanical updates include C/A 2024 furnace 2025. Excellent location -just a 4-minute walk to the community park and Woodcrest Community Centre (with inground pool), an 8-minute walk to Westmount Shopping Centre, and about a 10-minute drive to lots of shopping/dining plus easy access to Highway 402. This rare property combines stylish interiors, thoughtful functionality, and exceptional outdoor amenities-an ideal choice for families and entertainers.

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

Mortgage Amount
$743,920
Land Transfer Taxes$15,073
Legal Fees (Est.)
$
Total cash required for closing$202,553

Total Monthly Obligation

$4,620/mo
Mortgage $3,751
Monthly Loss $3,633
Principal$987
Interest$2,764
Property Tax$495
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.8%22
10-Year IRR
8.8%
Returns Index
12.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$39,444/yr
NOI
$25,065/yr
Net Cash Flow
-$1,662/mo
Cash Margin
-50.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
18.9/ 100

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

Comparables

Properties near 43 Lynngate Grove

Time

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