706 Rowntree Avenue, London South

$625,000
706 Rowntree Avenue

$625,000

New
4d
DetachedBungalow

706 Rowntree Avenue, London South

Total Monthly Obligation $3,280

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
4d
Score
20
Yield
5.3%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Detached
MLS® Number-X14096248
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-60 × 131.94 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,610 (2026)
Parking-5 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE SUPERSTARS REAL ESTATE LIMITED
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South H
Title-Residential Freehold

No agent assigned

Discover the perfect blend of modern upgrades, everyday convenience, and comfortable living at 706 Rowntree Avenue! This beautifully updated home offers 3 bedrooms and 1 bathroom on the upper level + an additional bedroom and bathroom in the basement, making it an excellent opportunity for families, first-time homebuyers, or investors seeking flexible living space. Unbeatable convenience to London Downtown and future transit access! Located right next to the upcoming Wellington Gateway Rapid Transit and just steps from the nearest bus stop, this property offers excellent connectivity. Enjoy walking-distance access to Victoria Hospital, No Frills, Dollar Tree, Fit4Less, Tim Hortons, Wendy's, TD Bank, Circle K, Pharmasave, and many other everyday amenities. Inside, the home features numerous modern improvements, including redesigned interior walls in the bedrooms and drawing room, all-new interior and exterior doors, and updated interior and exterior pot lights. Heated bathroom floors add an extra touch of comfort, while brand-new shelving in the walk-in closets provides practical storage solutions. The kitchen and laundry areas feature significant upgrades, including all-new appliances installed on main floor in 2024. Additional improvements a new tankless gas water heater installed in 2024. Major exterior and structural updates include shingles replaced in 2021 and a new driveway in 2026. A newly built legal separate entrance completed in 2026 provides convenient independent access to the lower level, offering flexibility for extended family or guests, subject to applicable requirements. Step outside to enjoy a private backyard retreat featuring two raised garden beds, a floating deck, an outdoor patio with a built-in bar Shed. This pet-free and smoke-free home combines extensive upgrades, flexible living space, and exceptional accessibility. Book your private showing today.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$500,000
Land Transfer Taxes$8,975
Legal Fees (Est.)
$
Total cash required for closing$135,475

Total Monthly Obligation

$3,280/mo
Mortgage $2,521
Monthly Loss $2,617
Principal$663
Interest$1,858
Property Tax$384
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.2%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.7/ 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
$32,952/yr
NOI
$20,547/yr
Net Cash Flow
-$809/mo
Cash Margin
-29.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.689
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
25.3/ 100

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

Comparables

Properties near 706 Rowntree Avenue

Time

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Data last updated within the past 24 hours.