577 Third Street 37, London East

$299,900
577 Third Street 37

$299,900

New
6d
Condo Townhouse2-Storey

577 Third Street 37, London East

Total Monthly Obligation $1,892

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1000-1199
DOM
6d
Score
37
Yield
9.1%
Cash on Cash
9.9%
Cap Rate
6.7%
5Y IRR
23.5%
10Y IRR
21.3%
Property Type-Condo Townhouse
MLS® Number-X14091142
Beds-3
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 17, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,195.52 (2026)
Maintenance-$299.59/mo
Locker-None
Parking-1 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Vinyl Siding, Brick
Possession-ASAP
Neighbourhood-East H
Title-Residential Condo & Other

No agent assigned

Excellent Investment Opportunity Near Fanshawe College! This 3-bedroom, 2.5-bathroom corner unit offers an attractive opportunity for investors looking for strong rental income and minimal management concerns. Currently generating $3,550/month in rental income, with problem-free tenants already in place, this property offers immediate cash flow and peace of mind. Ideally located close to Fanshawe College, shopping, restaurants, transit, parks, and everyday amenities, making it highly desirable for students, professionals, and long-term renters. Whether you're adding to your portfolio or looking for your first investment, this is an opportunity worth exploring.

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

Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$1,892/mo
Mortgage $1,210
Monthly Loss $1,574
Principal$318
Interest$891
Property Tax$183
Condo Fees$300
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.5%43
Cash-on-Cash
2.9%15
5-Year IRR
18.2%87
10-Year IRR
17.4%
Returns Index
49.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
37/ 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
$27,312/yr
NOI
$16,390/yr
Net Cash Flow
$156/mo
Cash Margin
6.9%16
Cash Flow Index
16.4/ 100
Risk Profile
Weight: 20%
DSCR
1.1338
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo83
Risk Index
46.5/ 100

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

Comparables

Properties near 577 Third Street 37

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.