1316 Corley Drive N, London North

$1,289,900
1316 Corley Drive N

$1,289,900

New
16d
Detached2-Storey

1316 Corley Drive N, London North

Total Monthly Obligation $6,606

Beds
4
Baths
4
Park
4
Sqft
3500-5000
DOM
16d
Score
15
Yield
3.6%
Cash on Cash
-10.2%
Cap Rate
2.4%
5Y IRR
7.6%
10Y IRR
8.4%
Property Type-Detached
MLS® Number-X13872760
Beds-4
Bathrooms-4
Size-3500-5000 sqft
Lot Size-72.18 × 142 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$12,338 (2025)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground, Outdoor
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-North A
Title-Residential Freehold

No agent assigned

LOCATION & INCREDIBLE REDESIGN! Step inside for a grand reveal that will take your breath away! The dramatic custom curved glass-and-steel staircase. The impressive fusion of gathering spaces and wall of picturesque windows framing the lush, private backyard, mature trees and crystal-blue pool. Extensively transformed in 2022, the expansive main level is exceptional. Rich hardwood floors provide a canvas for beautifully curated principal rooms, where natural light, architectural detail and inspired design merge.The upscale kitchen has been designed for effortless entertaining and inspired home chefs, with premium all-wood cabinetry, double quartz islands w/ amazing integrated storage, walnut counter, porcelain farmhouse sink & professional JennAir appliances including double wall ovens, 5-burner gas range & vented range hood with infrared warmer. Two custom double-wide sliding doors blur the line between indoors and out, opening to the newly enlarged deck (2026) and creating a fabulous connection to the pool and remarkably private grounds.A spacious dining area, inviting living room, private office & main-floor laundry combine beauty with a high-function lifestyle. The glass staircase & continued hardwood floors lead to a fantastic primary bedroom/retreat with 5-piece updated ensuite & skylit bonus room offering exceptional flexibility as a parents' lounge, gym/yoga area or 2nd office. 3 generous bedrooms and an updated main bath complete the 2nd level. The finished lower level adds recreation and media/games room spaces, as well as a bonus room + full washroom.Situated in an outstanding North London neighbourhood-walkable to Western University and University Hospital, in the Masonville P.S. catchment and moments from the spectacular trails of Medway Valley Heritage Forest along Medway Creek. Private. Polished. Unexpected. Unforgettable from the moment you walk through the door. Extensively elevated living. Main-floor windows/doors 2021.

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

Mortgage Amount
$1,031,920
Land Transfer Taxes$22,273
Legal Fees (Est.)
$
Total cash required for closing$281,753

Total Monthly Obligation

$6,606/mo
Mortgage $5,203
Monthly Loss $5,237
Principal$1,369
Interest$3,834
Property Tax$1,028
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.6%0
5-Year IRR
5.0%11
10-Year IRR
6.7%
Returns Index
6.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$46,056/yr
NOI
$24,612/yr
Net Cash Flow
-$3,152/mo
Cash Margin
-82.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.7/ 100

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

Comparables

Properties near 1316 Corley Drive N

Time

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