519 Riverside Drive 24, London North

$437,900
519 Riverside Drive 24

$437,900

New
15d
Condo Townhouse2-Storey

519 Riverside Drive 24, London North

Total Monthly Obligation $2,855

Beds
2
Baths
3
Park
1
Sqft
1400-1599
DOM
15d
Score
21
Yield
7.2%
Cash on Cash
-1.0%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Condo Townhouse
MLS® Number-X13875578
Beds-2
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,940 (2025)
Maintenance-$560/mo
Locker-None
Parking-2 - Attached
Basement-Full, Walk-Out
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS LIFESTYLES
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-North P
Title-Residential Condo & Other

No agent assigned

Tucked away in the highly sought-after Oakridge neighbourhood, this beautifully maintained two-storey townhome at 519 Riverside Drive, offers a rare opportunity to join the exclusive Thames Crossing Community, known for its friendly, close-knit atmosphere, where neighbours gather for happy hour every Tuesday and Friday at 4:30. This unit backs onto lush green space and mature trees. With 2-bedrooms and 3-bathrooms, this home offers both privacy and a peaceful natural setting. Enjoy outdoor living with a private deck off the kitchen-perfect for morning coffee-and a walk-out lower level leading to an additional patio, ideal for relaxing or entertaining. Inside, the bright open-concept main floor features a welcoming family room complete with a cozy gas fireplace. The layout is functional and filled with natural light, offering a warm and inviting space to call home. Situated on a quiet dead-end street, this property provides a serene environment while still being just minutes from all amenities like shopping, scenic walking trails, The Thames River, Springbank Park, quick access to Downtown London, and the Thames Valley Golf Course. Proudly owned by the original owners, this home has been meticulously cared for and is now ready for your personal touch, an excellent opportunity to redesign or reimagine the interior to suit your style or love it as it is! A perfect blend of community, location, and potential! Book your private showing today!

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

Closing Costs

Mortgage Amount
$350,320
Land Transfer Taxes$5,233
Legal Fees (Est.)
$
Total cash required for closing$94,313

Total Monthly Obligation

$2,855/mo
Mortgage $1,766
Monthly Loss $2,390
Principal$465
Interest$1,302
Property Tax$328
Condo Fees$560
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.8%41
10-Year IRR
11.5%
Returns Index
21.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$31,332/yr
NOI
$15,139/yr
Net Cash Flow
-$505/mo
Cash Margin
-19.3%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo57
Risk Index
28.6/ 100

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

Comparables

Properties near 519 Riverside Drive 24

Time

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