15 Cheswick Circle, London South

$499,900
15 Cheswick Circle

$499,900

New
15d
DetachedBungalow

15 Cheswick Circle, London South

Total Monthly Obligation $2,676

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
15d
Score
22
Yield
5.8%
Cash on Cash
0.3%
Cap Rate
4.7%
5Y IRR
15.8%
10Y IRR
14.8%
Property Type-Detached
MLS® Number-X13875510
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-40.03 × 114.99 ft
Listed on site-Oct 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,420 (2025)
Parking-3 - None
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX ADVANTAGE REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South X
Title-Residential Freehold

No agent assigned

Rare opportunity to own a detached freehold home under $500,000! This all-brick bungalow offers 3 bedrooms, 2 bathrooms and a finished lower level with a separate entrance, ideal for families, investors or multi-generational living. The main floor features a bright open living room, updated flooring, fresh paint, a kitchen with generous cabinetry open to the dining area, and main floor laundry. The lower level includes 2 rec rooms, a large 3-piece bathroom, and storage room with a laundry rough-in already in place. Outside, the front porch, rear deck and awning have all been updated. The private deck overlooks a fully fenced yard, green grass, gardens and garden shed. The double-wide asphalt driveway accommodates multiple vehicles. This home is very well maintained and ready for you to move in. Close to schools, parks, White Oaks Mall, banks, medical clinics, restaurants and everyday shopping, with convenient access to Highway 401, Victoria Hospital and Downtown London.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,676/mo
Mortgage $2,016
Monthly Loss $2,146
Principal$531
Interest$1,486
Property Tax$285
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%24
Cash-on-Cash
-5.6%2
5-Year IRR
11.3%45
10-Year IRR
11.6%
Returns Index
23.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$29,052/yr
NOI
$18,227/yr
Net Cash Flow
-$498/mo
Cash Margin
-20.6%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
30.5/ 100

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

Comparables

Properties near 15 Cheswick Circle

Time

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