227 Sterling Street, London East

$469,000
227 Sterling Street

$469,000

New
17d
DetachedBungalow

227 Sterling Street, London East

Total Monthly Obligation $2,518

Beds
3
Baths
1
Park
4
Sqft
700-1100
DOM
17d
Score
28
Yield
7.0%
Cash on Cash
5.9%
Cap Rate
5.9%
5Y IRR
20.3%
10Y IRR
18.5%
Property Type-Detached
MLS® Number-X13868072
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-43.51 × 130.3 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,018 (2025)
Parking-5 - Detached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-SHRINE REALTY BROKERAGE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East C
Title-Residential Freehold

No agent assigned

Move-in ready all-brick bungalow at 227 Sterling St, just minutes from downtown London, the college and Western University. The main floor offers 3 bedrooms, one bathroom, hardwood flooring throughout (excluding the kitchen), and a well-maintained kitchen. A separate entrance to the lower level adds flexibility, with the opportunity to create an additional full bedroom. Outside, the fully fenced backyard backs onto a public school yard, giving you open green space and no rear neighbours. A detached garage, paved driveway and parking for 5 vehicles complete the package. Key updates include shingles (2019) and central air conditioning (2023), so the big-ticket items are taken care of. Close to schools, parks, shopping and transit, this home is ideal for first-time buyers, downsizers and investors alike. Book your private showing today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$375,200
Land Transfer Taxes$5,855
Legal Fees (Est.)
$
Total cash required for closing$101,155

Total Monthly Obligation

$2,518/mo
Mortgage $1,892
Monthly Loss $2,020
Principal$498
Interest$1,394
Property Tax$252
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.7%35
Cash-on-Cash
-0.5%7
5-Year IRR
15.3%73
10-Year IRR
14.8%
Returns Index
38.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$32,988/yr
NOI
$22,171/yr
Net Cash Flow
-$44/mo
Cash Margin
-1.6%3
Cash Flow Index
3.5/ 100
Risk Profile
Weight: 20%
DSCR
0.9825
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
36.1/ 100

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

Comparables

Properties near 227 Sterling Street

Time

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