511 Admiral Drive 49, London East

$410,000
511 Admiral Drive 49

$410,000

New
18d
Condo Townhouse2-Storey

511 Admiral Drive 49, London East

Total Monthly Obligation $2,368

Beds
3
Baths
3
Park
1
Sqft
1000-1199
DOM
18d
Score
24
Yield
6.8%
Cash on Cash
1.7%
Cap Rate
5.0%
5Y IRR
16.9%
10Y IRR
15.7%
Property Type-Condo Townhouse
MLS® Number-X13863810
Beds-3
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,262.52 (2026)
Maintenance-$326/mo
Locker-None
Parking-1 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric, Family Room
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-East I
Title-Residential Condo & Other

No agent assigned

This beautifully updated 3 bedroom, 2-storey condo townhome offers over 1,400 square feet of finished living space across three levels. The main floor features a bright living room with a bay window and hardwood flooring, an updated kitchen with stainless-steel appliances, tile flooring and a pantry, plus a dining room with a walkout to the deck. Upstairs, the primary bedroom includes a mirrored closet, and the two additional bedrooms share a renovated 4-piece bathroom with tile flooring and quartz counters. The fully finished lower level adds excellent additional living space with a family room centred around an electric fireplace, a dedicated laundry room, and a 3-piece bathroom with a separate shower. Recent updates include all new electrical outlets and switches throughout, all toilets refitted, and ethernet run to the basement for reliable connectivity. Brand new ac and patio door installed in Sept 2026. Ideally located close to public transit and schools, this well maintained condo townhome is a fantastic opportunity for first-time buyers, investors, or anyone looking for low-maintenance living in a great location.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$328,000
Land Transfer Taxes$4,675
Legal Fees (Est.)
$
Total cash required for closing$88,175

Total Monthly Obligation

$2,368/mo
Mortgage $1,654
Monthly Loss $1,933
Principal$435
Interest$1,219
Property Tax$189
Condo Fees$326
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.7%3
5-Year IRR
12.8%56
10-Year IRR
12.9%
Returns Index
29.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$27,912/yr
NOI
$16,546/yr
Net Cash Flow
-$275/mo
Cash Margin
-11.8%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
34.5/ 100

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

Comparables

Properties near 511 Admiral Drive 49

Time

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