7 Northcrest Drive, London North

$939,000
7 Northcrest Drive

$939,000

New
4d
DetachedBungalow

7 Northcrest Drive, London North

Total Monthly Obligation $4,695

Beds
3
Baths
4
Park
4
Sqft
1100-1500
DOM
4d
Score
15
Yield
3.5%
Cash on Cash
-9.2%
Cap Rate
2.6%
5Y IRR
8.3%
10Y IRR
9.0%
Property Type-Detached
MLS® Number-X14098482
Beds-3
Bathrooms-4
Size-1100-1500 sqft
Lot Size-100.24 × 120.78 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$6,390.31 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Electric)
Brokerage-RE/MAX CENTRE CITY REALTY INC
Cooling-Central Air
Laundry-No
Fireplace-Electric, Natural Gas
Pool-Inground
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-North B
Title-Residential Freehold

No agent assigned

Exceptional 2+1 bedroom, 3+1 bathroom bungalow in the prestigious Old Uplands neighbourhood, set on a generously sized, professionally landscaped lot with an inviting saltwater pool. The main floor offers a fully updated eat-in kitchen with quartz countertops, newer appliances and a butler's pantry, plus an adjoining formal dining room. Relax in the living room with gas fireplace or the bright coastal-style sunroom. Two main-floor bedrooms each feature private ensuites, and the primary suite includes convenient in-suite laundry. A powder room completes the main level. The lower level is fully finished and designed for entertaining, featuring a very large carpeted recreation room with projector screen and surround sound, ample storage and an additional bedroom with a fully appointed cheater ensuite-ideal for guests. An attached double-car garage includes a rear workshop for hobbies or extra storage. Superb location minutes from Masonville Mall, University Hospital, Western University and some of London's top-ranked schools. A meticulously maintained home that combines thoughtful updates, functional living spaces and exceptional outdoor amenities - a rare offering in Old Uplands.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$751,200
Land Transfer Taxes$15,255
Legal Fees (Est.)
$
Total cash required for closing$204,555

Total Monthly Obligation

$4,695/mo
Mortgage $3,788
Monthly Loss $3,698
Principal$997
Interest$2,791
Property Tax$533
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.4%12
10-Year IRR
7.0%
Returns Index
7.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$33,336/yr
NOI
$19,112/yr
Net Cash Flow
-$2,195/mo
Cash Margin
-79.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.0/ 100

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

Comparables

Properties near 7 Northcrest Drive

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.

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Data last updated within the past 24 hours.