127 Belmont Drive 403, London South

$330,000
127 Belmont Drive 403

$330,000

New
15d
Condo ApartmentApartment

127 Belmont Drive 403, London South

Total Monthly Obligation $2,298

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
15d
Score
24
Yield
8.3%
Cash on Cash
2.2%
Cap Rate
5.1%
5Y IRR
17.3%
10Y IRR
16.0%
Property Type-Condo Apartment
MLS® Number-X13877972
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,263 (2025)
Maintenance-$578/mo
Locker-None
Parking-1 - Surface
Basement-None
Heating-Baseboard (Electric)
Brokerage-SUTTON GROUP CHAPMAN REALTY INC.
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-South O
Title-Residential Condo & Other

No agent assigned

Estate Sale, Estate Sale. Welcome to Suite 403 at 127 Belmont Drive, a rare three-bedroom, two full bathroom corner condo apartment in South London's well-established Atrium building. Offering the space and flexibility that is hard to find in today's London condo market, this bright corner unit is an excellent opportunity for first-time buyers, down sizers, investors, or anyone looking for low-maintenance living without sacrificing room to live. Freshly painted throughout, the suite features a functional layout with laminate flooring through the living and dining areas and generous natural light from its southwest-facing exposure. Enjoy warm afternoon sun and beautiful sunset views from a comfortable main living space that works well for relaxing, entertaining, or setting up a work-from-home area. The three-bedroom layout is the standout feature, giving buyers options for family, guests, hobbies, storage, or a proper home office. Two full bathrooms add everyday convenience, including a private ensuite for the primary bedroom. In-suite laundry, parking, visitor parking, and elevator access further add to the practicality of the home. Located in the Norton Estates area near Wharncliffe Road South and Belmont Drive, this South London condo offers convenient access to shopping, restaurants, grocery stores, public transit, parks, schools, places of worship, Victoria Hospital, and major routes across the city. If you have been searching for a spacious three-bedroom condo apartment in London, Ontario, Suite 403 delivers the space, function, corner-unit privacy, and lifestyle today's buyers are looking for.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$264,000
Land Transfer Taxes$3,425
Legal Fees (Est.)
$
Total cash required for closing$70,925

Total Monthly Obligation

$2,298/mo
Mortgage $1,331
Monthly Loss $1,947
Principal$350
Interest$981
Property Tax$189
Condo Fees$578
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.2%3
5-Year IRR
12.6%55
10-Year IRR
12.9%
Returns Index
28.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$27,288/yr
NOI
$12,960/yr
Net Cash Flow
-$251/mo
Cash Margin
-11.0%1
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8115
LTV Ratio
80.0%18
Vacancy Buffer
4.1 mo71
Risk Index
34.8/ 100

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

Comparables

Properties near 127 Belmont Drive 403

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.

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Data last updated within the past 24 hours.