114 HEARTHSIDE Place, London East

$499,900
114 HEARTHSIDE Place

$499,900

New
8d
Detached2-Storey

114 HEARTHSIDE Place, London East

Total Monthly Obligation $2,641

Beds
3
Baths
2
Park
4
Sqft
1100-1500
DOM
8d
Score
23
Yield
6.1%
Cash on Cash
2.0%
Cap Rate
5.0%
5Y IRR
17.2%
10Y IRR
15.9%
Property Type-Detached
MLS® Number-X14084900
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50.21 ft (front)
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$3,000.1 (2025)
Parking-4 - None
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60(ish) days is preferred
Neighbourhood-East I
Title-Residential Freehold

No agent assigned

Beautifully updated inside and out, this move-in-ready 3-bedroom, 1.5-bathroom home offers a bright, functional layout, plenty of living space and a stunning backyard that truly sets it apart. The open-concept main floor is filled with natural light and features a spacious eat-in kitchen with updated cabinetry and plenty of room to gather. Step outside to the fully fenced backyard, where a large deck and gazebo create an inviting extension of the home-perfect for entertaining, outdoor dining or simply relaxing and enjoying your own private space. Upstairs are three comfortable bedrooms and an updated full bathroom. The oversized primary bedroom easily accommodates a king-sized bed with plenty of room for additional furniture. The finished lower level provides valuable additional living space, ideal for a family room, playroom or home office. The laundry area also offers additional space for a hobby, workshop or storage. A double-wide asphalt driveway provides plenty of parking, while the East London location offers convenient access to shopping, schools and everyday amenities, Veterans Memorial Parkway, Highway 401 and London International Airport. Recent Updates: New carpet (2026); back deck & gazebo (2025); exterior doors (2025); basement flooring (2025); oven (2025); front porch (2024); range hood (2024); fencing (2023/2024); attic & basement insulation (2023); select kitchen & bathroom windows (2023); dishwasher (2023, warranty to 2027); breaker panel (2022); LeafFilter gutter guards (2021, transferable lifetime warranty); furnace & A/C (2019); owned tankless water heater (2019); shingles (2018). With extensive updates, a finished lower level and an exceptional backyard, this is a home that has been thoughtfully maintained and is ready for its next owners to simply move in and enjoy.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,641/mo
Mortgage $2,016
Monthly Loss $2,111
Principal$531
Interest$1,486
Property Tax$250
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-4.0%3
5-Year IRR
12.5%54
10-Year IRR
12.6%
Returns Index
28.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$30,456/yr
NOI
$19,910/yr
Net Cash Flow
-$357/mo
Cash Margin
-14.1%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
31.9/ 100

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

Comparables

Properties near 114 HEARTHSIDE Place

Time

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