626 First Street 305, London East

$339,900
626 First Street 305

$339,900

New
22d
Condo ApartmentApartment

626 First Street 305, London East

Total Monthly Obligation $2,359

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
700-799
DOM
22d
Score
18
Yield
6.2%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-X13850940
Beds-3
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$1,961 (2025)
Maintenance-$625/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-FLEXIBLE
Neighbourhood-East H
Title-Residential Condo & Other

No agent assigned

Corner unit, great investment opportunity directly across the road from Fanshawe College main entrance on Oxford Street - this is as close as you can get to campus - no need for a car here! Beautiful renovated and very clean 3-bedroom, 2 full bathrooms condo is perfect for student living, a young family home, a starter home or a downsized/retiree. Featuring updated kitchen and bathroom cabinetry installed in September 2026. The layout is very functional giving it a spacious bedrooms with a nice bright combine living and dining areas. Appliances included. Condo fee includes water, one parking spot, building maintenance and building insurance. Solid brick building with an elevator. Not only its steps from Fanshawe College, it's also walking distance to shopping, transit, and amenities, this is prime location with strong rental demand.

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

Closing Costs

Mortgage Amount
$271,920
Land Transfer Taxes$3,574
Legal Fees (Est.)
$
Total cash required for closing$73,054

Total Monthly Obligation

$2,359/mo
Mortgage $1,371
Monthly Loss $1,999
Principal$361
Interest$1,010
Property Tax$163
Condo Fees$625
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.8%14
10-Year IRR
7.7%
Returns Index
8.0/ 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
$20,940/yr
NOI
$6,985/yr
Net Cash Flow
-$789/mo
Cash Margin
-45.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo70
Risk Index
30.8/ 100

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

Comparables

Properties near 626 First Street 305

Time

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Data last updated within the past 24 hours.