1103 Waterwheel Road, London North

$899,000
1103 Waterwheel Road

$899,000

New
6d
Detached2-Storey

1103 Waterwheel Road, London North

Total Monthly Obligation $4,001

Beds
4
Baths
4
Park
4
Sqft
2000-2500
DOM
6d
Score
19
Yield
4.2%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Detached
MLS® Number-X14095850
Beds-4
Bathrooms-4
Size-2000-2500 sqft
Lot Size-37.82 × 122.61 ft
Listed on site-Oct 17, 2026
Style-2-Storey
Building Type-Detached
Parking-6 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-KING REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Electric, Living Room
Pool-None
Facing-North
Exterior-Stucco (Plaster), Concrete Block
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-North C
Title-Residential Freehold

No agent assigned

TO BE BUILT- Welcome to an exciting new pre-construction opportunity in North London, proudly launched by Timeless Homes, one of London's respected custom home builders. Located in the highly desirable Stoney Creek neighbourhood, right next to Mother Teresa Catholic Secondary School, this beautifully designed home offers approximately 2,450 sq. ft. of modern living space with premium finishes throughout. Approx. 2,450 Sq. Ft. Modern Elevation 4 Bedrooms 4 Washrooms Open-Concept Kitchen & Living Area, 9 Ft Ceilings on Main Floor & Basement, Quartz countertop in the entire house, . Carpet-Free Interior with Oak Staircase and engineering hardwood and tiles in the wet area and foyer, Modern front elevation with stone, brick and stucco, 4x4 egress windows in the basement, 2 stage high efficiency furnace with WiFi thermostat, 8ft high wide 2 patio doors, Bluetooth in ceiling speakers, 200 AMP Electrical Service, Owned Water Heater, Premium Upgrades Throughout. An optional finished basement with separate side entrance is also available, making this an excellent option for growing families, multi-generational living, or buyers looking for additional usable space. A rare opportunity to own a brand-new, highly upgraded home in one of North London's most sought-after communities.

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

Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$4,001/mo
Mortgage $3,626
Monthly Loss $3,047
Principal$954
Interest$2,672
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
9.9%35
10-Year IRR
10.4%
Returns Index
18.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$38,016/yr
NOI
$29,714/yr
Net Cash Flow
-$1,150/mo
Cash Margin
-36.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
22.0/ 100

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

Comparables

Properties near 1103 Waterwheel Road

Time

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