1248 North Wenige Drive, London North

$739,000
1248 North Wenige Drive

$739,000

New
16d
Detached2 1/2 Storey

1248 North Wenige Drive, London North

Total Monthly Obligation $3,678

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
16d
Score
18
Yield
4.4%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.9%
10Y IRR
11.7%
Property Type-Detached
MLS® Number-X13874386
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-30 × 111 ft
Listed on site-Oct 7, 2026
Style-2 1/2 Storey
Building Type-Detached
Taxes-$3,859.43 (2025)
Parking-3 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE SILVERCITY REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-North C
Title-Residential Freehold

No agent assigned

A truly charming home in one of London's most soughtafter neighborhoods. If you are looking for the perfectfamily home with a little extra space look no further.This home is immaculate from top to bottom and showslike a dream. The open concept main floor has aspacious kitchen with tons of cabinets, counter spaceand stainless steel appliances. The main floor alsoincludes a large family room and dining area withhardwood flooring. Upstairs the home continues toimpress with an oversized master bedroom with walk incloset. The 2nd floor also features 2 more generouslysized bedrooms. Continue up to the 3rd level for theperfect hideaway loft that could be used as an office,studio or TV room. The basement is drywalled and offersthe opportunity to design your own dream space. Thiswonderful home will not last long. Book your privateshowing today.New roofing - changed on 2025.New furnace-2025.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$591,200
Land Transfer Taxes$11,255
Legal Fees (Est.)
$
Total cash required for closing$160,555

Total Monthly Obligation

$3,678/mo
Mortgage $2,981
Monthly Loss $2,893
Principal$784
Interest$2,196
Property Tax$322
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.3%25
10-Year IRR
9.3%
Returns Index
13.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$32,760/yr
NOI
$21,125/yr
Net Cash Flow
-$1,221/mo
Cash Margin
-44.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.5/ 100

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

Comparables

Properties near 1248 North Wenige Drive

Time

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Data last updated within the past 24 hours.