7 Picton Street 404, London East

$339,900
7 Picton Street 404

$339,900

New
2d
Condo ApartmentApartment

7 Picton Street 404, London East

Total Monthly Obligation $2,832

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
2d
Score
17
Yield
7.4%
Cash on Cash
-9.3%
Cap Rate
2.6%
5Y IRR
8.3%
10Y IRR
8.9%
Property Type-Condo Apartment
MLS® Number-X14104008
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,520 (2025)
Maintenance-$967.25/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Heat Pump (Electric)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-flexible
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

Welcome to this open concept Downtown condo. Two spacious bedrooms. Primary has newly renovated ensuite and walk-in closet. Kitchen with loads of cupboards and large centre island opens to bright living room. Convenient in unit laundry. Underground parking as well as additional visitors parking at rear. Well maintained building and enclave of adjacent condo buildings. Lifestyle property just steps to Victoria Park, shops and restaurants. Closing is flexible.

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

Closing Costs

Mortgage Amount
$271,920
Land Transfer Taxes$3,574
Legal Fees (Est.)
$
Total cash required for closing$73,054

Total Monthly Obligation

$2,832/mo
Mortgage $1,371
Monthly Loss $2,471
Principal$361
Interest$1,010
Property Tax$293
Condo Fees$967
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.5%10
Cash-on-Cash
-15.4%0
5-Year IRR
4.2%9
10-Year IRR
6.7%
Returns Index
5.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$25,248/yr
NOI
$5,196/yr
Net Cash Flow
-$938/mo
Cash Margin
-44.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.322
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
26.2/ 100

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

Comparables

Properties near 7 Picton Street 404

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.