486 Hale Street, London East

$549,900
486 Hale Street

$549,900

New
4d
DetachedBungalow

486 Hale Street, London East

Total Monthly Obligation $2,865

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
4d
Score
20
Yield
5.1%
Cash on Cash
-2.5%
Cap Rate
4.0%
5Y IRR
13.6%
10Y IRR
13.0%
Property Type-Detached
MLS® Number-X14094628
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-45 × 140 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,265 (2026)
Parking-1 - Detached
Basement-Partial Basement
Heating-Forced Air (Gas)
Brokerage-INITIA REAL ESTATE (ONTARIO) LTD
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-East
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-East N
Title-Residential Freehold

No agent assigned

Welcome to 486 Hale Street! This charming and inviting 2+1 bedroom home offers a wonderful combination of comfort, character, and modern updates. With approximately 910 sq. ft. on the main floor and an additional 425 sq. ft. of finished basement space, there's plenty of room to relax and enjoy.Freshly painted throughout, the home features numerous updates, including some new North Star windows, new vinyl flooring, new basement carpeting, and a brand-new refrigerator and over-the-range microwave.The bright and cheerful main floor offers two sun-filled bedrooms and a cozy living room complete with a warm, inviting fireplace. The spacious eat-in kitchen provides plenty of cabinetry and storage, making it both practical and welcoming. The main floor bathroom features an extra-wide bathtub for added comfort.Downstairs, you'll find a comfortable recreation room, a cozy third bedroom, and a convenient second bathroom combined with the laundry area, providing additional living space and flexibility.Outside, the generous backyard offers plenty of room for entertaining, summer barbecues, evenings around the fire, or simply relaxing outdoors. A charming outdoor sitting area adds to the appeal, while the detached 1-car garage, complete with hydro electrical service, provides excellent space for parking, storage, hobbies, or projects.With its many updates, comfortable living spaces, and inviting outdoor setting, this lovely home is ready for its next chapter!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$439,920
Land Transfer Taxes$7,473
Legal Fees (Est.)
$
Total cash required for closing$118,953

Total Monthly Obligation

$2,865/mo
Mortgage $2,218
Monthly Loss $2,282
Principal$584
Interest$1,634
Property Tax$272
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.4%32
10-Year IRR
10.2%
Returns Index
17.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,840/yr
NOI
$17,291/yr
Net Cash Flow
-$777/mo
Cash Margin
-33.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo57
Risk Index
27.9/ 100

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

Comparables

Properties near 486 Hale Street

Time

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Data last updated within the past 24 hours.