121 Tanoak Drive, London North

$769,900
121 Tanoak Drive

$769,900

New
8d
Detached2-Storey

121 Tanoak Drive, London North

Total Monthly Obligation $3,949

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
8d
Score
18
Yield
4.7%
Cash on Cash
-4.3%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
11.9%
Property Type-Detached
MLS® Number-X14080552
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-49.9 × 141.53 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$5,616 (2025)
Parking-4 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Ask Listing Agent
Neighbourhood-North E
Title-Residential Freehold

No agent assigned

Welcome home to this inviting 3+1 bedroom, 3.5 bath, 2 car garage home offering approx 2850sf of finished living space, thoughtfully finished top to bottom. Set on a generous 49 X 141 lot in a mature neighbourhood, this home welcomes you with charming curb appeal. Step inside to a bright foyer with soaring ceilings & convenient built-ins. Beautiful HW flooring flows throughout the main floor. The kitchen is designed for both everyday family life & entertaining, offering quartz counter tops, abundant cabinetry, a large centre island & an inviting eat-in area with direct access to the backyard, perfect for summer BBQ's or gathering with friends & family. The kitchen is open to a cozy living room complete with custom built-ins & fireplace, creating a comfortable space to relax & unwind. For larger gatherings, the spacious formal dining room provides plenty of room to host family dinners, holiday celebrations & memorable evenings with friends. A convenient powder room & main floor laundry area with direct access to the garage with walk-up, complete the main level. Upstairs, retreat to the exceptional primary suite featuring a walk-in closet with built-in organizer & 4-piece ensuite with jetted soaker tub, perfect for relaxing in. 2 additional bedrooms, a linen closet & a 4-piece bathroom provide plenty of space for a growing family. The fully finished lower level adds even more versatility with a spacious recreation room, 4th bedroom with its own 3-piece ensuite, plus a flex area ideal for a home gym, office, playroom or hobby space. A cold room & utility room provide additional storage. Notable updates: furnace & heat pump June 2026, roof 2020, custom built-in in living room, engineered HW flooring throughout the main floor, sump pump with battery back-up 2023. Close to schools, parks, trails, shopping & everyday amenities, this move-in-ready home offers a wonderful opportunity to put down roots, grow together & create memories that will last for years to come.

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

Closing Costs

Mortgage Amount
$615,920
Land Transfer Taxes$11,873
Legal Fees (Est.)
$
Total cash required for closing$167,353

Total Monthly Obligation

$3,949/mo
Mortgage $3,106
Monthly Loss $3,131
Principal$817
Interest$2,288
Property Tax$468
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.8%1
5-Year IRR
8.7%27
10-Year IRR
9.6%
Returns Index
14.8/ 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
$36,456/yr
NOI
$22,694/yr
Net Cash Flow
-$1,214/mo
Cash Margin
-40.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
21.5/ 100

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

Comparables

Properties near 121 Tanoak Drive

Time

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