242 MARTINET Avenue, London East

$479,000
242 MARTINET Avenue

$479,000

New
15d
Semi-Detached 2-Storey

242 MARTINET Avenue, London East

Total Monthly Obligation $2,581

HausQ Valuation Report
Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
15d
Score
23
Yield
6.0%
Cash on Cash
1.2%
Cap Rate
4.8%
5Y IRR
16.5%
10Y IRR
15.4%
Property Type-Semi-Detached
MLS® Number-X13876142
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-34.62 × 108.54 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$3,281.51 (2026)
Parking-3 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60 Days Negotiable
Neighbourhood-East I
Title-Residential Freehold

No agent assigned

Welcome to 242 Martinet Avenue. This well cared for semi detached home sits on a corner lot with extra side yard space and an attached garage. Inside you will find a comfortable layout with plenty of natural light and updates that make the home easy to settle into. The main living area features a gas fireplace and skylight along with new interior light fixtures that give the space a fresh feel. The main floor washroom has been updated while the lower level has been refreshed with vinyl flooring and offers flexible space for a family room, home office or kids' zone. The backyard extends the living space outdoors with a recently stained and sealed deck that is ready to be enjoyed. The roof was replaced in 2022 and six appliances are included. Located close to schools parks shopping and everyday amenities. Let's run the numbers and compare for value! This is a home that offers the space, convenience, updates and a price point that make sense for today's buyer.

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Closing Costs

Mortgage Amount
$383,200
Land Transfer Taxes$6,055
Legal Fees (Est.)
$
Total cash required for closing$103,355

Total Monthly Obligation

$2,581/mo
Mortgage $1,932
Monthly Loss $2,072
Principal$508
Interest$1,424
Property Tax$273
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
11.9%49
10-Year IRR
12.1%
Returns Index
25.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$28,860/yr
NOI
$18,192/yr
Net Cash Flow
-$416/mo
Cash Margin
-17.3%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
31.8/ 100

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

Comparables

Properties near 242 MARTINET Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.