602 SPRUCEWOOD Drive, London North

$634,900
602 SPRUCEWOOD Drive

$634,900

New
22d
DetachedBungalow

602 SPRUCEWOOD Drive, London North

Total Monthly Obligation $3,334

Beds
4
Baths
2
Park
2
Sqft
1100-1500
DOM
22d
Score
20
Yield
5.4%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-X13857800
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-40.62 × 99.01 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$4,778 (2025)
Parking-4 - Attached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-NU-VISTA PREMIERE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-After November 1st
Neighbourhood-North C
Title-Residential Freehold

No agent assigned

GRENFELL : North London. Open concept 3 +1 bedroom all brick ranch with double car garage located on quiet crescent in popular Grenfell Village.....lovely tree lined street you won't be disappointed. Located across from walking trails and walking distance to schools and shopping. Open concept main floor featuring large eat in kitchen, finished basement with family room, 3 pc bath and 4th bedroom. Home has HRV system , Updated furnace and central air and roof. All 5 appliances are included. Contact listing agent to book your private viewing. Home is currently leased until October 31st 2026. Possession available in November.

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

Closing Costs

Mortgage Amount
$507,920
Land Transfer Taxes$9,173
Legal Fees (Est.)
$
Total cash required for closing$137,653

Total Monthly Obligation

$3,334/mo
Mortgage $2,561
Monthly Loss $2,660
Principal$674
Interest$1,887
Property Tax$398
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.8%1
5-Year IRR
10.3%37
10-Year IRR
10.8%
Returns Index
19.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$34,092/yr
NOI
$21,405/yr
Net Cash Flow
-$777/mo
Cash Margin
-27.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
25.2/ 100

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

Comparables

Properties near 602 SPRUCEWOOD Drive

Time

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Data last updated within the past 24 hours.