2027 Springridge Drive, London North

$849,900
2027 Springridge Drive

$849,900

New
8d
Detached2-Storey

2027 Springridge Drive, London North

Total Monthly Obligation $4,333

Beds
3
Baths
4
Park
2
Sqft
2000-2500
DOM
8d
Score
17
Yield
4.3%
Cash on Cash
-6.0%
Cap Rate
3.3%
5Y IRR
10.8%
10Y IRR
10.9%
Property Type-Detached
MLS® Number-X14081900
Beds-3
Bathrooms-4
Size-2000-2500 sqft
Lot Size-30.16 × 113.83 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$6,354 (2025)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-THE REALTY FIRM INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-North C
Title-Residential Freehold

No agent assigned

Backing onto a park and surrounded by beautiful forest views, 2027 Springridge Drive offers the perfect blend of privacy, luxury, and everyday comfort. From the moment you step into the soaring two-storey foyer, you'll appreciate the bright, open layout, 9-foot ceilings, and elegant hardwood and ceramic flooring throughout the main level.The heart of this home is the stunning chef-inspired kitchen, designed for both entertaining and daily living. Featuring an oversized 8-foot island, stylish modern finishes, abundant cabinetry, and a convenient pot filler, as well as premium appliances including a refrigerator with single serve Keurig K-Cup brewing accessory, this is a space where family and friends naturally gather. Large patio doors connect seamlessly to the backyard, creating the perfect indoor-outdoor flow.Upstairs, a spacious family room offers a welcoming retreat for movie nights, a home office, or play space. The generous primary suite includes a walk-in closet and private ensuite, while the thoughtful layout provides plenty of room for family and guests.The fully finished lower level expands your living space with impressive 8-foot ceilings, a full bathroom, and a large recreation area ideal for entertaining, relaxing, or creating the ultimate games and media room.With owned furnace, air conditioner, and hot water tank, this home offers peace of mind and exceptional value. Located just minutes from the Stoney Creek YMCA, Fanshawe College, Western University, and everyday conveniences, you'll enjoy the perfect balance of nature, community, and convenience.Rarely does a home combine a premium park-side setting, forest views, and thoughtfully upgraded living spaces so effortlessly. Welcome home.

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

Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$4,333/mo
Mortgage $3,428
Monthly Loss $3,431
Principal$902
Interest$2,526
Property Tax$530
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.5%21
10-Year IRR
8.7%
Returns Index
11.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$36,900/yr
NOI
$22,356/yr
Net Cash Flow
-$1,565/mo
Cash Margin
-50.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.6/ 100

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

Comparables

Properties near 2027 Springridge Drive

Time

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Data last updated within the past 24 hours.