776 Banyan Lane, London North

$507,876
776 Banyan Lane

$507,876

New
2d
Condo Townhouse2-Storey

776 Banyan Lane, London North

Total Monthly Obligation $2,349

Beds
2
Baths
3
Park
1
Sqft
1600-1799
DOM
2d
Score
29
Yield
6.4%
Cash on Cash
5.8%
Cap Rate
5.8%
5Y IRR
20.2%
10Y IRR
18.4%
Property Type-Condo Townhouse
MLS® Number-X14102052
Beds-2
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-New
Maintenance-$100/mo
Locker-None
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Electric, Living Room
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Poured Concrete
Possession-Fall 2026
Neighbourhood-North E
Title-Residential Condo & Other

No agent assigned

This INTERIOR 2 Bedroom Black Cedar Plan that offers 1628 sq ft above grade in now COMPLETE and ready to go!! This layout offers 2 massive bedrooms, both with their own ensuite and walk in closets! There is also a full second floor laundry room!! Closing expected early October. Werrington Homes is now over 70% SOLD at this "North Woods" project in the desirable Hyde Park community of Northwest London. The project consists of 45 two-storey contemporary townhomes priced from the low $500's. With the modern family & purchaser in mind, the builder has created 3 thoughtfully designed floorplans. The end units known as "The White Oak", offers 1686 sq ft above grade, 3 bedrooms, 2.5 bathrooms & a single car garage. The interior units known as "The Black Cedar" offers 1628 sq ft above grade with 2 bed or 3 bed configurations, 2.5 bathrooms & a single car garage. The basements have the option of being finished by the builder to include an additional BEDROOM, REC ROOM & FULL BATH! As standard, each home will be built with brick, hardboard and vinyl exteriors, 9 ft ceilings on the main, luxury vinyl plank flooring on the main and upper floor, quartz counters, second floor laundry, paver stone drive and walkways, ample pot lights, tremendous storage space & a 4-piece master ensuite complete with tile & glass shower & double sinks! The North Woods location is second to none with so many amenities all within walking distance! Great restaurants, smart centres, walking trails, mins from Western University & directly on transit routes! Low monthly fee ($77 approx.) to cover common elements of the development (green space, snow removal on the private road, etc). *Photos are of the actual unit* NOTE: Price includes proposed 2026 HST rebates. Final rebate amount is subject to the passing of Provincial/Federal legislation and purchaser eligibility (Primary Residence/Qualifying Rental) as per government guidelines.

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

Closing Costs

Mortgage Amount
$417,677($11,376 CMHC)
Land Transfer Taxes$6,633
Legal Fees (Est.)
$
Total cash required for closing$109,708

Total Monthly Obligation

$2,406/mo
Mortgage $2,106
Monthly Loss $1,852
Principal$554
Interest$1,552
Condo Fees$100
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.0%38
Cash-on-Cash
0.2%8
5-Year IRR
14.7%69
10-Year IRR
14.9%
Returns Index
38.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
29/ 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
$32,376/yr
NOI
$25,538/yr
Net Cash Flow
$22/mo
Cash Margin
0.8%6
Cash Flow Index
5.5/ 100
Risk Profile
Weight: 20%
DSCR
1.0128
LTV Ratio
82.2%14
Vacancy Buffer
3.9 mo68
Risk Index
36.5/ 100

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

Comparables

Properties near 776 Banyan Lane

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