LOT 171 HOBBS Drive, London South

$724,900
LOT 171 HOBBS Drive

$724,900

New
2d
Detached2-Storey

LOT 171 HOBBS Drive, London South

Total Monthly Obligation $3,299

Beds
4
Baths
3
Park
4
Sqft
1500-2000
DOM
2d
Score
21
Yield
4.7%
Cash on Cash
-1.1%
Cap Rate
4.4%
5Y IRR
14.7%
10Y IRR
13.9%
Property Type-Detached
MLS® Number-X14103844
Beds-4
Bathrooms-3
Size-1500-2000 sqft
Lot Size-34.28 × 108.56 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Detached
Age-New
Taxes-$1 (2026)
Parking-5 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-FORTUNE 2 REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-90+ days
Neighbourhood-South U
Title-Residential Freehold

No agent assigned

PRE-CONSTRUCTION OPPORTUNITY IN JACKSON MEADOWS! 1,865 sq. ft. 2-storey home with 1.5-car garage and covered front porch. Spacious main-level living area with vinyl flooring, modern kitchen featuring a 54" x 34" island, soft-close cabinetry and 30" upper cabinets. A 6-ft-wide patio door provides convenient access to the backyard. The second level offers 4 bedrooms, 2.5 washrooms including a primary bedroom with ensuite. Walking distance to the new Jackson Meadows School, YMCA and upcoming park, with easy access to highways, Victoria Hospital and London International Airport. Multiple lots and floor plans available, with flexible closing dates and deposit options. Model home available to view at 1143 Hobbs Dr, London. Make your next move today to check available lots, layouts and options.

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

Closing Costs

Mortgage Amount
$579,920
Land Transfer Taxes$10,973
Legal Fees (Est.)
$
Total cash required for closing$157,453

Total Monthly Obligation

$3,299/mo
Mortgage $2,924
Monthly Loss $2,530
Principal$769
Interest$2,155
Property Tax$0
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.0%43
10-Year IRR
11.3%
Returns Index
22.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$34,080/yr
NOI
$26,171/yr
Net Cash Flow
-$743/mo
Cash Margin
-26.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
26.0/ 100

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

Comparables

Properties near LOT 171 HOBBS 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.