966 Glenbanner Road, London South

$799,900
966 Glenbanner Road

$799,900

New
18d
DetachedBungalow

966 Glenbanner Road, London South

Total Monthly Obligation $3,984

Beds
5
Baths
3
Park
7
Sqft
1100-1500
DOM
18d
Score
19
Yield
5.0%
Cash on Cash
-2.5%
Cap Rate
4.1%
5Y IRR
13.6%
10Y IRR
13.1%
Property Type-Detached
MLS® Number-X13864096
Beds-5
Bathrooms-3
Size-1100-1500 sqft
Lot Size-113 × 193.5 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,593 (2025)
Parking-8 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South Y
Title-Residential Freehold

No agent assigned

Private, treed half acre property right in the city! Opportunity awaits! Over 2,200 sqft of finished living space in this 3+2 bedroom home that is perfect for a growing family or rental income.The main floor features a primary bedroom with a 3 piece ensuite and a walk-in closet, alongside 2 spacious bedrooms, a 4 piece bathroom, and convenient main floor laundry. Fully finished basement is high and features epoxy flooring, a wet bar area, 2 additional bedrooms, a 4 piece bath and lots of storage. Attached 1.5 car garage. Large 26'x16' composite deck with included gazebo. Extensively renovated in 2020, with recent updates including furnace, A/C, appliances, and freshly painted throughout. DEVELOPMENT POTENTIAL - Ask the city about an additional residential dwelling or multi units - multiple possibilities here with this half acre for future minded investors! Located minutes to White Oaks Mall, public transit, Hwy 401, Victoria Hospital LHSC, groceries, schools, park and so much more! A truly special property!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$639,920
Land Transfer Taxes$12,473
Legal Fees (Est.)
$
Total cash required for closing$173,953

Total Monthly Obligation

$3,984/mo
Mortgage $3,227
Monthly Loss $3,135
Principal$849
Interest$2,378
Property Tax$383
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.0%1
5-Year IRR
10.1%36
10-Year IRR
10.6%
Returns Index
19.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$39,696/yr
NOI
$26,633/yr
Net Cash Flow
-$1,007/mo
Cash Margin
-30.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.6910
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
22.1/ 100

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

Comparables

Properties near 966 Glenbanner Road

Time

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