480 Callaway Road 309, London North

$648,000
480 Callaway Road 309

$648,000

New
15d
Condo ApartmentApartment

480 Callaway Road 309, London North

Total Monthly Obligation $3,869

Beds
2
Baths
2
Park
2
Sqft
1400-1599
DOM
15d
Score
17
Yield
5.6%
Cash on Cash
-5.7%
Cap Rate
3.4%
5Y IRR
11.1%
10Y IRR
11.0%
Property Type-Condo Apartment
MLS® Number-X13876652
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$4,878 (2025)
Maintenance-$648.41/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-North R
Title-Residential Condo & Other

No agent assigned

Gorgeous two bedroom plus den, almost 1600 sq/ft suite in north London's premiere condo apartment, North Link Two. This 3 year old luxury condo apartment has upgraded premium finishes throughout and includes custom two-tone white cabinets with pantry and plenty of storage, quartz counters, beautiful backsplash, stainless steel appliances and a three-seat island. Spacious and bright living room includes electric fireplace with tile surround and wall of windows view. Rare oversized partially covered terrace provides an amazing outdoor space with views of the woods and valley below Sunningdale Golf & Country Club. Both bedrooms enjoy the same view, and each have walk-in closets, primary suite with his & hers walk-in closets. Ensuite bathroom has heated floors, double vanity, glass shower and soaker tub. Main 3-piece bathroom also has heated floor. Private den with glass French doors is a perfect place for work from home. In suite laundry includes sink and additional storage. Unit includes separate storage locker and two LL1 parking garage spots close to the elevators. Main floor common areas include stunning party room with pool table, wet bar with huge island and multiple seating areas, separate dining room with wet bar, golf simulator room, gym and guest suite. Outdoor space has patios and pickleball courts and are adjacent to the pathways of the Medway Valley Heritage Forest and its network of nature trails. Enjoy the best of condo living with these amazing feature and amenities.

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

Closing Costs

Mortgage Amount
$518,400
Land Transfer Taxes$9,435
Legal Fees (Est.)
$
Total cash required for closing$140,535

Total Monthly Obligation

$3,869/mo
Mortgage $2,614
Monthly Loss $3,181
Principal$688
Interest$1,926
Property Tax$407
Condo Fees$648
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-10.0%1
5-Year IRR
7.9%23
10-Year IRR
9.1%
Returns Index
12.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$36,072/yr
NOI
$17,406/yr
Net Cash Flow
-$1,163/mo
Cash Margin
-38.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.3/ 100

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

Comparables

Properties near 480 Callaway Road 309

Time

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