208 Deveron Crescent, London South

$579,900
208 Deveron Crescent

$579,900

New
14d
DetachedBacksplit 4

208 Deveron Crescent, London South

Total Monthly Obligation $3,047

Beds
4
Baths
3
Park
2
Sqft
700-1100
DOM
14d
Score
19
Yield
5.0%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.0%
10Y IRR
12.6%
Property Type-Detached
MLS® Number-X13883990
Beds-4
Bathrooms-3
Size-700-1100 sqft
Lot Size-50 × 110 ft
Listed on site-Oct 9, 2026
Style-Backsplit 4
Building Type-Detached
Age-51-99
Taxes-$3,990 (2026)
Parking-3 - Attached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-LPT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible Closing Date
Neighbourhood-South T
Title-Residential Freehold

No agent assigned

An exceptional opportunity in Pond Mills! This well-maintained 4-level backsplit offers a 3+1 bedroom (versatile office, den or hobby room) and 3-bathroom layout, ideal for growing families, multi-generational living, or buyers looking for flexible additional living space and rental potential. The bright, open-concept main level features a functional kitchen and dining area complete with an island cooktop, striking range hood, and brand-new kitchen flooring. The upper level offers three comfortable bedrooms and a full bathroom. A standout feature is the separate entrance to the lower levels, providing excellent flexibility for extended family, guests, or additional living space. The lower level features a spacious living area with above-grade windows that bring in plenty of natural light, along with a kitchen, versatile additional room, and two bathrooms. The lower level offers potential rental income of approximately $1,500 per month, making it an attractive option for buyers seeking additional income potential or space for extended family. Additional features include updated flooring, new central air conditioning, and a private backyard with a mature pear tree. Ideally located just minutes from schools, parks, shopping, Westminster Ponds, and Highway 401. A fantastic opportunity to own a spacious and versatile home in the desirable Pond Mills neighbourhood! Note: some photos are virtually staged.

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

Closing Costs

Mortgage Amount
$463,920
Land Transfer Taxes$8,073
Legal Fees (Est.)
$
Total cash required for closing$125,553

Total Monthly Obligation

$3,047/mo
Mortgage $2,339
Monthly Loss $2,431
Principal$616
Interest$1,724
Property Tax$333
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.4%1
5-Year IRR
9.0%29
10-Year IRR
9.8%
Returns Index
15.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$28,920/yr
NOI
$17,538/yr
Net Cash Flow
-$878/mo
Cash Margin
-36.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.3/ 100

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

Comparables

Properties near 208 Deveron Crescent

Time

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