821 Sprucewood Drive, London North

$744,900
821 Sprucewood Drive

$744,900

New
15d
Detached2-Storey

821 Sprucewood Drive, London North

Total Monthly Obligation $3,827

HausQ Valuation Report
Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
15d
Score
18
Yield
4.9%
Cash on Cash
-3.6%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Detached
MLS® Number-X13882240
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-50.9 × 101.04 ft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$5,371.32 (2026)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-North C
Title-Residential Freehold

No agent assigned

SO MUCH TO LOVE ABOUT THIS TWO STOREY STONEY CREEK HOME. THIS ONE IS BEAUTIFULLY PAINTED INIMMACULATE CONDITION. MOVE IN READY. LARGE WORKING KITCHEN WITH LOTS OF COUNTER AND CUPBOARDSPACE. EATING AREA WITH A GREAT ROOM SPACE THAT CAN ACCOMODATE A DINING AND LIVING ROOM AREA. SECOND FLOOR FAMILY ROOM CAN BE USED AS A TV ROOM, HOBBY AREA OR AN OFFICE. RELAX AND DON'T FEEL LIKE YOU ARE IN A DUNGEON. SPACEOUS MASTER BEDROOM SUITE WITH LARGE WALK-IN CLOSET A DEN-SUITE WITH A CORNER SOAKER TUB. FINISHED LOWER LEVEL FAMILY ROOM. ROOF REPLACE IN TWO STAGES, IN 2017 AND THEN IN 2020. FURNACE AND A/C NEW IN 2021, WATER HEATER IN 2022. DECK AND GAZEBO IN 2022. NICE AND BRIGHT WITH PARKS, SHOPPING, SCHOOLS AND THE YMCA AND LIBRARY CLOSE BY. VERY WALKABLE LOCATION. LEASED FURNACE AND A/C WILL BE PAID OUT ON CLOSING. SEE THIS ONE BEFORE IT IS GONE!

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

Closing Costs

Mortgage Amount
$595,920
Land Transfer Taxes$11,373
Legal Fees (Est.)
$
Total cash required for closing$161,853

Total Monthly Obligation

$3,827/mo
Mortgage $3,005
Monthly Loss $3,037
Principal$791
Interest$2,214
Property Tax$448
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.3%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$36,288/yr
NOI
$22,788/yr
Net Cash Flow
-$1,106/mo
Cash Margin
-36.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
22.1/ 100

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

Comparables

Properties near 821 Sprucewood Drive

Time

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