519 Riverside Drive 16, London North

$549,900
519 Riverside Drive 16

$549,900

New
20d
Condo Townhouse2-Storey

519 Riverside Drive 16, London North

Total Monthly Obligation $3,306

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
20d
Score
17
Yield
5.4%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Condo Townhouse
MLS® Number-X13863170
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 3, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-16-30
Taxes-$3,937.83 (2026)
Maintenance-$560/mo
Locker-None
Parking-2 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP. DAN SALHANI INC
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Possession-30-59 days
Neighbourhood-North P
Title-Residential Condo & Other

No agent assigned

BEAUTIFUL END UNIT TOWNHOME IN VERY GOOD CONDITION.THIS HOME HAS 3 BEDROOMS, 2 FULL BATHROOMS AND A HALF BATH ON THE MAIN FLOOR MAIN FLOOR HAS A SPACIOUS BRIGHT LIVING ROOM WITH BAY WINDOW FOR LOTS OF NATURAL LIGHT;A FLOOR TO CEILING FEATURE WALL WITH ELECTRIC FIREPLACE INSERT. UPSCALE MODERN KITCHEN WITH NEWER CABINETRY AND QUARTZ COUNTER TOPS; NEWER APPLIANCES, CERAMIC FLOORING AND A BREAKFAST BAR. THE DINING ROOM OPENS THROUGH TERRACE DOORS TO A PRIVATE PATIO WITH LUSH GARDENS. SECOND FLOOR PRIMARY BEDROOM FEATURES A FOUR PIECE ENSUITE AND WALKIN CLOSET, TWO MORE BEDROOMS AND A SECOND NEWLY UPGRADED BATHROOM.HARDWOOD FLOORING THROUGHOUT BEDROOMS MANY OTHER UPGRADES SUCH AS TRIM, DOORS, NEWER FURNACE AND CENTRAL AIR (2026) AND OWNED WATER HEATER THE LOWER LEVEL IS FULLY FINISHED WITH LARGE FAMILY ROOM AND LAUNDRY ROOM. TOP IT ALL OFF WITH AN ELEVATOR TO ALL FLOORS. THIS LOCATION OFFERS EASY ACCES TO SHOPPING, ENTERTAINMENT, AND RESTAURANTS.

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

Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$3,306/mo
Mortgage $2,218
Monthly Loss $2,723
Principal$584
Interest$1,634
Property Tax$328
Condo Fees$560
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.1%1
5-Year IRR
7.1%19
10-Year IRR
8.5%
Returns Index
10.6/ 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
$29,508/yr
NOI
$13,499/yr
Net Cash Flow
-$1,093/mo
Cash Margin
-44.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
23.8/ 100

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

Comparables

Properties near 519 Riverside Drive 16

Time

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Data last updated within the past 24 hours.