781 North Mile Road, London North

$849,000
781 North Mile Road

$849,000

New
7d
Detached1 1/2 Storey

781 North Mile Road, London North

Total Monthly Obligation $4,275

Beds
3
Baths
2
Park
4
Sqft
2000-2500
DOM
7d
Score
18
Yield
4.8%
Cash on Cash
-3.8%
Cap Rate
3.8%
5Y IRR
12.5%
10Y IRR
12.2%
Property Type-Detached
MLS® Number-X14088622
Beds-3
Bathrooms-2
Size-2000-2500 sqft
Lot Size-80 × 150 ft
Listed on site-Oct 16, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$5,700 (2025)
Parking-6 - Attached
Basement-Partial Basement, Partially Finished, Crawl Space
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - HODGSON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Wood
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Brick
Sewer-Sewer
Possession-Mid November
Neighbourhood-North P
Title-Residential Freehold

No agent assigned

A fabulous find in sought-after Oakridge, offering exceptional space inside and out on an incredibly private 80' x 150' lot. Larger than many homes in the neighbourhood, this beautifully maintained property offers multiple living spaces, a versatile floor plan and wonderful outdoor living surrounded by mature trees and landscaping. The main floor is particularly impressive. A beautiful oversized living room features large windows, detailed mouldings and a striking wood-burning fireplace. The updated kitchen offers marble counters, ample cabinetry high-end appliances, a dinette and serving station. Open to the kitchen is a fabulous family room surrounded by windows, with high ceilings, skylights, built-ins and a gas fireplace, a wonderful everyday gathering space with views to the private backyard. Currently used as a dining room, this space is equally well suited as a home office or fourth bedroom. There is also a separate main-floor bedroom and chic updated bath with a large walk-in shower, adding excellent flexibility for guests or family. Upstairs, the very spacious primary bedroom is joined by another generous bedroom and an on-trend bathroom featuring dual sinks and a free standing tub. The finished lower level provides more room for families to spread out, perfect for movie nights or a place for kids and their friends along with abundant storage and a cedar sauna. Outside is equally appealing, with deck and patio spaces, extensive landscaping and plenty of green space for children and pets. Mature tree coverage creates a wonderful sense of privacy. A rare double garage, generous drive, extensive hardwood flooring, updated furnace and central air complete the package. All of this in one of London's favourite established neighbourhoods, within walking distance of excellent schools and parks and just minutes from shopping and downtown. Space, privacy, versatility and a nice lot, an Oakridge home that offers much more than meets the eye.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$679,200
Land Transfer Taxes$13,455
Legal Fees (Est.)
$
Total cash required for closing$184,755

Total Monthly Obligation

$4,275/mo
Mortgage $3,425
Monthly Loss $3,373
Principal$901
Interest$2,523
Property Tax$475
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.2%1
5-Year IRR
9.1%30
10-Year IRR
9.9%
Returns Index
16.1/ 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
$40,344/yr
NOI
$26,110/yr
Net Cash Flow
-$1,249/mo
Cash Margin
-37.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo35
Risk Index
20.5/ 100

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

Comparables

Properties near 781 North Mile Road

Time

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