361 Cheapside Street, London East

$589,000
361 Cheapside Street

$589,000

New
2d
Detached2-Storey

361 Cheapside Street, London East

Total Monthly Obligation $3,134

Beds
3
Baths
2
Park
4
Sqft
1500-2000
DOM
2d
Score
19
Yield
5.2%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-X14101544
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-46 × 133 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Age-51-99
Taxes-$4,594.12 (2026)
Parking-5 - Detached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

Charming England Inspired Home With Great Curb Appeal 2+1 bedroom 2 storey conveniently located near Western University, two hospitals, schools, church and shopping. The main floor features an updated kitchen (2021), substantial dining room and an oversized living room with natural trim and fireside bookcases. A large additional space with adjacent powder room offers flexibility as a den, office or bedroom. A covered rear porch overlooks a flagstone patio and generous landscaped garden with pond. Additional highlights include heat pump (2025) and a high dry basement. Furnace(2019), shingles (2020), bath (2014). Note: there is some knob and tube in this home. This is a special home offering character, versatility, and convenience.

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

Closing Costs

Mortgage Amount
$471,200
Land Transfer Taxes$8,255
Legal Fees (Est.)
$
Total cash required for closing$127,555

Total Monthly Obligation

$3,134/mo
Mortgage $2,376
Monthly Loss $2,509
Principal$625
Interest$1,751
Property Tax$383
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.1%
Returns Index
16.5/ 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
$30,360/yr
NOI
$18,230/yr
Net Cash Flow
-$857/mo
Cash Margin
-33.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
25.9/ 100

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

Comparables

Properties near 361 Cheapside Street

Time

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