117 Empress Avenue, London North

$599,000
117 Empress Avenue

$599,000

New
17d
DetachedBungalow

117 Empress Avenue, London North

Total Monthly Obligation $3,150

HausQ Valuation Report
Beds
5
Baths
2
Park
4
Sqft
1100-1500
DOM
17d
Score
19
Yield
4.9%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13871506
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-61.16 × 112.04 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,308 (2025)
Parking-5 - Detached
Basement-Apartment, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-North N
Title-Residential Freehold

No agent assigned

Here's the investment opportunity you've been waiting for! This fully rented 4+1 property offers immediate rental income and an outstanding location just minutes from Western University, shopping, restaurants, transit, and everyday conveniences. Currently generating approximately $45,300 in gross annual rental income, this turnkey property is ready for its next investor. Situated in the highly desirable Oxford Street East and Wharncliffe Road corridor, the property is perfectly positioned in an area with strong and consistent rental demand. The combination of location, existing rental income, and future upside makes this a compelling addition to any investment portfolio. As tenant turnover occurs, there may be an opportunity to improve rental income by adjusting rents toward current market levels, subject to applicable regulations.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,150/mo
Mortgage $2,416
Monthly Loss $2,514
Principal$636
Interest$1,780
Property Tax$359
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.8%28
10-Year IRR
9.7%
Returns Index
15.0/ 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
$29,520/yr
NOI
$17,760/yr
Net Cash Flow
-$936/mo
Cash Margin
-38.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
25.5/ 100

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

Comparables

Properties near 117 Empress Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Data last updated within the past 24 hours.