563 MORNINGTON Avenue 606, London East

$149,900
563 MORNINGTON Avenue 606

$149,900

New
16d
Condo ApartmentApartment

563 MORNINGTON Avenue 606, London East

Total Monthly Obligation $1,428

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
16d
Score
33
Yield
12.9%
Cash on Cash
11.7%
Cap Rate
7.1%
5Y IRR
25.1%
10Y IRR
22.6%
Property Type-Condo Apartment
MLS® Number-X13873686
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$1,375 (2025)
Maintenance-$508.66/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Gas)
Brokerage-NEWGEN REALTY EXPERTS
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flex
Neighbourhood-East G
Title-Residential Condo & Other

No agent assigned

Welcome to this spacious 1-bedroom unit featuring a large private balcony with beautiful views-the perfect spot to enjoy your morning coffee or unwind while watching the evening sunset. New Laminate Flooring. Located in a Family-friendly Neighborhood surrounded by Mature Trees and Green spaces, this well-maintained home offers a peaceful and welcoming atmosphere. The unit features a well-maintained kitchen, generously sized family room, comfortable bedroom, and a 3-piece bathroom.Enjoy the convenience of being within walking distance to shopping, restaurants, and everyday amenities at the corner of Oxford Street and Highbury Avenue. With easy access to Fanshawe College, public transit, and major routes, this property is an excellent choice for first-time buyers, students, professionals, or investors.Condo Fee: $508,66/month, Includes: Heat, Hydro, and Water.Don't miss this fantastic opportunity to own a spacious and affordable unit in a sought-after location!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$119,920
Land Transfer Taxes$1,224
Legal Fees (Est.)
$
Total cash required for closing$32,704

Total Monthly Obligation

$1,428/mo
Mortgage $605
Monthly Loss $1,269
Principal$159
Interest$446
Property Tax$115
Condo Fees$509
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.0%38
Cash-on-Cash
0.8%9
5-Year IRR
17.1%82
10-Year IRR
16.9%
Returns Index
44.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
33/ 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
$19,308/yr
NOI
$7,498/yr
Net Cash Flow
$20/mo
Cash Margin
1.3%6
Cash Flow Index
6.0/ 100
Risk Profile
Weight: 20%
DSCR
1.0330
LTV Ratio
80.0%18
Vacancy Buffer
6.6 mo95
Risk Index
47.5/ 100

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

Comparables

Properties near 563 MORNINGTON Avenue 606

Time

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Data last updated within the past 24 hours.