61 Somerset Road, London South

$759,900
61 Somerset Road

$759,900

New
8d
Detached2-Storey

61 Somerset Road, London South

Total Monthly Obligation $3,897

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
8d
Score
18
Yield
4.6%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Detached
MLS® Number-X14082082
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-65 × 116 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,482 (2025)
Parking-6 - Attached
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - HODGSON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-45 days
Neighbourhood-South K
Title-Residential Freehold

No agent assigned

Welcome to this classic 4-bedroom, 3-bath two-storey in one of Byron's most established and loved neighbourhoods. Set on a quiet street with a large, private, tree-lined lot, this spacious family home offers an excellent floor plan, generous room sizes and plenty of opportunity to make it your own. A welcoming covered front porch provides a wonderful spot to sit and enjoy the neighbourhood. Inside, the combined living and dining room offers plenty of space for entertaining and family gatherings. The kitchen is comfortable and functional as it is, while its location adjacent to the dining room provides future potential for those dreaming of a larger, more open kitchen design. A spacious family room with fireplace offers a relaxed everyday living space, while a main-floor powder room, inside entry from the double garage and convenient layout add to the home's practicality. Upstairs are four well-sized bedrooms, all with good closet space, including a particularly spacious primary bedroom with its own modernized ensuite. The lower level adds further living space with a finished recreation room, rough in bath and plenty of additional storage. Most windows, front door system, most flooring, furnace and central air have been updated. Outdoors, the large backyard is a stand out private, mature and surrounded by trees, with plenty of room for children, pets, gardening or simply enjoying the outdoors. The setting is hard to beat. Byron Somerset Public School is nearby, along with the many amenities that have made Byron such a sought-after community for generations. Enjoy Springbank Park and its extensive trails, year-round recreation at Boler Mountain, Thames Valley Golf Course, Byron Villageshops and restaurants, nearby parks and convenient access to major routes. A solid, spacious family home in a wonderful neighbourhood, ready for its next chapter.

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

Closing Costs

Mortgage Amount
$607,920
Land Transfer Taxes$11,673
Legal Fees (Est.)
$
Total cash required for closing$165,153

Total Monthly Obligation

$3,897/mo
Mortgage $3,065
Monthly Loss $3,090
Principal$807
Interest$2,259
Property Tax$457
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.5%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.3/ 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
$34,740/yr
NOI
$21,284/yr
Net Cash Flow
-$1,292/mo
Cash Margin
-44.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
21.4/ 100

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

Comparables

Properties near 61 Somerset Road

Time

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