622 Wharncliffe Rd. South Road 6, London South

$454,900
622 Wharncliffe Rd. South Road 6

$454,900

Price Change
399d
Condo Townhouse2-Storey

622 Wharncliffe Rd. South Road 6, London South

Total Monthly Obligation $2,611

HausQ Valuation Report
Beds
3
Baths
4
Park
1
Sqft
1400-1599
DOM
399d
Score
24
Yield
6.9%
Cash on Cash
2.1%
Cap Rate
5.0%
5Y IRR
17.2%
10Y IRR
16.0%
Property Type-Condo Townhouse
MLS® Number-X12416077
Beds-3
Bathrooms-4
Size-1400-1599 sqft
Listed on site-Sep 19, 2025
Style-2-Storey
Building Type-Condo Townhouse
Age-16-30
Taxes-$2,766.05 (2025)
Maintenance-$346/mo
Locker-None
Parking-2 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-Coldwell Banker G.R. Paret Realty Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Possession-TBD
Neighbourhood-South P
Title-Residential Condo & Other

No agent assigned

Welcome to this updated move in ready condo. It boasts 3 good sized bedrooms, 4 baths, attached single car garage with inside entry and automatic garage door opener. Located in a quiet 11 unit complex. Open floor concept with new luxury vinyl plank flooring and freshly painted walls (2023) through most of the main and upper level. The main level has a large living room complete with a natural gas fireplace and is open into the kitchen/dining area. The second level has am impressive primary bedroom complete with a walk in closet as well as a 4 piece ensuite bath. Two more good sized bedrooms and a 4 piece main bath completes the second level. On the lower level is a finished family room , 3 piece bath and ample storage room. Outside there is a welcoming covered front porch and in the rear is a newer deck for you to enjoy the outdoors. This unit is close to shopping, restaurants, bus route and schools. Do not miss the opportunity to come out to see this lovely home.

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

Closing Costs

Mortgage Amount
$363,920
Land Transfer Taxes$5,573
Legal Fees (Est.)
$
Total cash required for closing$98,053

Total Monthly Obligation

$2,611/mo
Mortgage $1,835
Monthly Loss $2,129
Principal$483
Interest$1,352
Property Tax$231
Condo Fees$346
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.1%28
Cash-on-Cash
-3.2%4
5-Year IRR
13.2%59
10-Year IRR
13.2%
Returns Index
30.7/ 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
$31,320/yr
NOI
$18,870/yr
Net Cash Flow
-$262/mo
Cash Margin
-10.1%1
Cash Flow Index
0.7/ 100
Risk Profile
Weight: 20%
DSCR
0.8617
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo63
Risk Index
32.7/ 100

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

Comparables

Properties near 622 Wharncliffe Rd. South Road 6

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.