1600 NE Adelaide Street N 511, London North

$299,900
1600 NE Adelaide Street N 511

$299,900

New
15d
Condo Apartment1 Storey/Apt

1600 NE Adelaide Street N 511, London North

Total Monthly Obligation $2,027

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
15d
Score
23
Yield
7.6%
Cash on Cash
0.7%
Cap Rate
4.7%
5Y IRR
16.2%
10Y IRR
15.1%
Property Type-Condo Apartment
MLS® Number-X13878196
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 8, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,124.35 (2026)
Maintenance-$440/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Heat Pump (Other)
Brokerage-RED DOOR REALTY LTD., BROKERAGE
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-North C
Title-Residential Condo & Other

No agent assigned

Two bedroom condominium unit in desirable London North. Large east facing windows in kitchen, dining, and living room areas overlook treed area.Tastefully decorated, this unit includes six appliances, in-suite laundry with storage, spacious bedrooms, a full 4 piece bathroom, and is a carpet free unit. Close to Masonville mall, Western University, Stoney Creek Elementary School district and A.B. Lucas Secondary School. Easy access to Highbury Ave for commuting. The unit features an updated quality kitchen with lots of storage and a breakfast area with seating. The unit is heated by a heat pump system. A great investment opportunity in a prime North London. Note- the unit has been virtually staged.

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

Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$2,027/mo
Mortgage $1,210
Monthly Loss $1,708
Principal$318
Interest$891
Property Tax$177
Condo Fees$440
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.4%46
10-Year IRR
12.0%
Returns Index
23.7/ 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
$22,920/yr
NOI
$10,824/yr
Net Cash Flow
-$308/mo
Cash Margin
-16.1%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
4.7 mo80
Risk Index
36.6/ 100

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

Comparables

Properties near 1600 NE Adelaide Street N 511

Time

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Data last updated within the past 24 hours.