285 Mcgarrell Drive 6, London North

$529,900
285 Mcgarrell Drive 6

$529,900

New
3d
Condo TownhouseBungalow

285 Mcgarrell Drive 6, London North

Total Monthly Obligation $3,145

Beds
4
Baths
6
Park
2
Sqft
1200-1399
DOM
3d
Score
81
Yield
18.4%
Cash on Cash
52.8%
Cap Rate
15.9%
5Y IRR
60.8%
10Y IRR
57.0%
Property Type-Condo Townhouse
MLS® Number-X14097440
Beds-4
Bathrooms-6
Size-1200-1399 sqft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Condo Townhouse
Taxes-$4,629 (2026)
Maintenance-$422/mo
Locker-None
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ADVANTAGE REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-North R
Title-Residential Condo & Other

No agent assigned

Premium North end, one floor condo unit that is a quick jog to Masonville Mall. Lovely Richmond Pines built by Palumbo Homes built with a spacious open concept featuring main floor laundry, 2+2 bedrooms, 2.5 baths ( one being an ensuite), Vaulted ceiling greatroom and 9 ft ceilings in the front den/bedroom. Practical kitchen arrangment with breakfast bar and a seating area. The great room has space for a dining room table and features a gas fireplace. Zero carpets on the main floor. Finished lower level, loads of storage, Inside access from 2 car garage, private covered patio. All of this, at an affordable price point in an area many desire to live.

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

Closing Costs

Mortgage Amount
$423,920
Land Transfer Taxes$7,073
Legal Fees (Est.)
$
Total cash required for closing$114,553

Total Monthly Obligation

$3,145/mo
Mortgage $2,137
Monthly Loss $2,583
Principal$562
Interest$1,575
Property Tax$386
Condo Fees$422
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
14.3%98
Cash-on-Cash
44.0%100
5-Year IRR
53.4%100
10-Year IRR
50.0%
Returns Index
99.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeA
81/ 100
Good•Buy

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$97,680/yr
NOI
$75,819/yr
Net Cash Flow
$4,181/mo
Cash Margin
51.4%100
Cash Flow Index
99.9/ 100
Risk Profile
Weight: 20%
DSCR
2.96100
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
54.8/ 100

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

Comparables

Properties near 285 Mcgarrell Drive 6

Time

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Data last updated within the past 24 hours.