705 Chelton Road, London South

$622,000
705 Chelton Road

$622,000

New
14d
Condo Townhouse2-Storey

705 Chelton Road, London South

Total Monthly Obligation $3,318

Beds
3
Baths
4
Park
1
Sqft
1400-1599
DOM
14d
Score
18
Yield
4.8%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.1%
Property Type-Condo Townhouse
MLS® Number-X13883290
Beds-3
Bathrooms-4
Size-1400-1599 sqft
Listed on site-Oct 9, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-0-5
Taxes-$3,872.47 (2025)
Maintenance-$286/mo
Locker-None
Parking-2 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-KING REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Possession-Flexible
Neighbourhood-South U
Title-Residential Condo & Other

No agent assigned

Welcome to your future family home at 705 Chelton Road, London. This enhanced corner unit offers the feel of a semi-detached home and is less than five years old. This luxury townhouse features 2,042 sq ft (as per builder) of living space, 3 spacious bedrooms and 3.5 bathrooms, including a primary ensuite and two walk-in closets. The home boasts a modern kitchen and a builder finished basement open concept with 5 piece washroom, all located in the highly desirable Summerside neighbourhood of London. Conveniently situated just 4 minutes from the highway, 8 minutes from Walmart, 7 minutes from Costco, and 8 minutes from the hospital.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$497,600
Land Transfer Taxes$8,915
Legal Fees (Est.)
$
Total cash required for closing$134,815

Total Monthly Obligation

$3,318/mo
Mortgage $2,509
Monthly Loss $2,657
Principal$660
Interest$1,849
Property Tax$323
Condo Fees$286
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.7%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.0/ 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
$29,880/yr
NOI
$17,188/yr
Net Cash Flow
-$1,077/mo
Cash Margin
-43.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.2/ 100

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

Comparables

Properties near 705 Chelton Road

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.