28 Corinth Court, London East

$489,900
28 Corinth Court

$489,900

New
2d
DetachedBacksplit 4

28 Corinth Court, London East

Total Monthly Obligation $2,646

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
2d
Score
24
Yield
6.5%
Cash on Cash
3.0%
Cap Rate
5.2%
5Y IRR
18.0%
10Y IRR
16.6%
Property Type-Detached
MLS® Number-X14102946
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-36.58 × 106.84 ft
Listed on site-Oct 21, 2026
Style-Backsplit 4
Building Type-Detached
Age-31-50
Taxes-$3,540 (2026)
Parking-2 - None
Basement-Walk-Up
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-buyer would like January 15 2027
Neighbourhood-East A
Title-Residential Freehold

No agent assigned

Priced at $489,900, this beautifully laid-out 4-level backsplit offers exceptional value and is the perfect starter home for first-time buyers or a growing young family. Nestled on a quiet, peaceful city street, this property boasts the rare and highly sought-after luxury of backing directly onto mature, lush green space with no rear neighbours. Step inside to find a bright and airy main floor featuring a welcoming living room and a dedicated dining area that is perfect for hosting family dinners. The expansive lower-level family room acts as the true heart of the home, providing an ideal space for movie nights, a kids' play zone, or a comfortable home office. With 3 comfortably sized bedrooms and 2 bathrooms, the multi-level layout separates your living and sleeping areas perfectly, making morning routines a breeze for a busy household. Additionally, the unfinished 4th level provides an abundance of tucked-away storage space to keep your main living areas entirely clutter-free. Situated in a friendly, quiet neighborhood while remaining just minutes away from schools, shopping, and local parks, this home combines day-to-day city convenience with a peaceful suburban feel. Opportunities to own a detached home backing onto green space at this price point do not come along often-schedule your private viewing today!

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

Closing Costs

Mortgage Amount
$391,920
Land Transfer Taxes$6,273
Legal Fees (Est.)
$
Total cash required for closing$105,753

Total Monthly Obligation

$2,646/mo
Mortgage $1,976
Monthly Loss $2,126
Principal$520
Interest$1,456
Property Tax$295
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-3.1%4
5-Year IRR
13.2%59
10-Year IRR
13.2%
Returns Index
30.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$31,632/yr
NOI
$20,429/yr
Net Cash Flow
-$274/mo
Cash Margin
-10.4%1
Cash Flow Index
0.6/ 100
Risk Profile
Weight: 20%
DSCR
0.8617
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
32.5/ 100

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

Comparables

Properties near 28 Corinth Court

Time

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