3998 Malpass Road, London South

$829,000
3998 Malpass Road

$829,000

New
22d
Detached2-Storey

3998 Malpass Road, London South

Total Monthly Obligation $4,350

Beds
3
Baths
4
Park
4
Sqft
1500-2000
DOM
22d
Score
17
Yield
4.4%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Detached
MLS® Number-X13854282
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-50.78 × 288.42 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$7,577 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Inground, Salt
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South V
Title-Residential Freehold

No agent assigned

Welcome to 3998 Malpass Road, a beautiful two-storey family home located in one of Lambeth's most sought-after, family-friendly neighbourhoods. Offering a spacious layout, thoughtful updates and an incredible backyard oasis, this home is perfect for growing families and entertaining.The main floor features an inviting open-concept dining area with soaring ceilings, a stylish wine bar and an updated kitchen (2019) complete with quartz countertops, a 5-burner gas stove, double oven and generous peninsula with seating for barstools. The adjoining breakfast nook looks out to the spectacular backyard through extra large patio doors. A spacious living room with fireplace, convenient powder room and laundry/mudroom complete the main level, with the mudroom providing access to the double garage.Upstairs, the generous primary suite features beautiful backyard views, a walk-in closet and 4-piece ensuite. Two additional bedrooms and a second 4-piece bathroom provide plenty of room for the family.The finished lower level offers even more living space with an additional bedroom, 3-piece bathroom and large family room, perfect for movie nights, kids' space, guests or a home office. The garage also provides convenient access to the basement.Step outside to your own backyard oasis featuring a new heated 16' x 32' saltwater pool (2024), surrounded by stamped concrete, armour stone and a safety gate, plus an outdoor shower for easy rinsing after a swim. Plenty of space to relax, play and entertain all summer long.Recent updates include windows and doors (2023), A/C (2019), furnace (2017) and water heater (2020).A wonderful opportunity to enjoy the space, comfort and lifestyle of a beautiful Lambeth family home!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$663,200
Land Transfer Taxes$13,055
Legal Fees (Est.)
$
Total cash required for closing$180,355

Total Monthly Obligation

$4,350/mo
Mortgage $3,344
Monthly Loss $3,470
Principal$880
Interest$2,464
Property Tax$631
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.2%19
10-Year IRR
8.5%
Returns Index
10.9/ 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
$36,768/yr
NOI
$21,014/yr
Net Cash Flow
-$1,593/mo
Cash Margin
-52.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.525
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.4/ 100

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

Comparables

Properties near 3998 Malpass Road

Time

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Data last updated within the past 24 hours.