97 William Street, London East

$319,900
97 William Street

$319,900

New
9d
DetachedBungalow

97 William Street, London East

Total Monthly Obligation $1,839

Beds
3
Baths
2
Park
7
Sqft
700-1100
DOM
9d
Score
39
Yield
8.4%
Cash on Cash
11.6%
Cap Rate
7.1%
5Y IRR
24.9%
10Y IRR
22.5%
Property Type-Detached
MLS® Number-X14031012
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-66.17 × 102.46 ft
Listed on site-Oct 14, 2026
Style-Bungalow
Building Type-Detached
Age-100+
Taxes-$2,079 (2025)
Parking-7 - None
Basement-Crawl Space, Unfinished, Partial Basement
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding
Roof-Shingles
Foundation-Unknown
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-East K
Title-Residential Freehold

No agent assigned

Opportunity meets comfort with this well-maintained 3-bedroom, 2-bathroom bungalow situated on a rare 66 foot wide double lot in the heart of London's vibrant SOHO neighbourhood. Featuring desirable R2-2 zoning, this property offers exciting future development potential while providing an excellent place to call home today. The main floor offers a functional layout with three spacious bedrooms, two full bathrooms, a bright living room, a large eat-in kitchen, and a welcoming sunroom that adds even more versatile living space. Step outside to enjoy the expansive, fully fenced yard complete with a wrap-around deck, a large side yard, and an oversized detached workshop with hydro-perfect for hobbyists, extra storage, or workspace needs. The private double-wide driveway accommodates up to seven vehicles and is secured by agate at the end of the drive, offering added privacy and peace of mind. Recent updates include the kitchen (2026), shingles (2023), flooring, interior painting, and modern lighting (2023),making this home move-in ready. Ideally located just a short walk from Meredith Park, you'll enjoy access to some of London's finest tennis courts and beautifully maintained green space. Whether you're a first-time buyer, investor, or someone looking for a property with future development potential, this is an exceptional and rare opportunity. Offered at just over 300k,this home delivers outstanding value in a central location. Don't miss your chance to make it yours!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$255,920
Land Transfer Taxes$3,274
Legal Fees (Est.)
$
Total cash required for closing$68,754

Total Monthly Obligation

$1,839/mo
Mortgage $1,290
Monthly Loss $1,499
Principal$340
Interest$951
Property Tax$173
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.5%44
Cash-on-Cash
3.3%16
5-Year IRR
18.4%87
10-Year IRR
17.5%
Returns Index
50.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
39/ 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
$27,000/yr
NOI
$17,721/yr
Net Cash Flow
$186/mo
Cash Margin
8.3%21
Cash Flow Index
20.7/ 100
Risk Profile
Weight: 20%
DSCR
1.1440
LTV Ratio
80.0%18
Vacancy Buffer
5.1 mo85
Risk Index
47.5/ 100

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

Comparables

Properties near 97 William Street

Time

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Data last updated within the past 24 hours.