712 Chester Street, London South

$599,000
712 Chester Street

$599,000

Price Change
171d
DetachedBungalow

712 Chester Street, London South

Total Monthly Obligation $3,152

Beds
5
Baths
2
Park
5
Sqft
1100-1500
DOM
171d
Score
21
Yield
5.7%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-X13085878
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-57 × 176.04 ft
Listed on site-May 5, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$4,325 (2025)
Parking-5 - None
Basement-Separate Entrance, Finished
Heating-Forced Air (Gas)
Brokerage-PG DIRECT REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Metal
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South H
Title-Residential Freehold

No agent assigned

Visit REALTOR website for additional information. Welcome to this solid all-brick bungalow offering incredible versatility and income potential in a prime location! Featuring a legal accessory apartment, this property is ideal for investors or homeowners looking to offset their mortgage with rental income. The main floor is currently tenanted and offers a bright, spacious layout with a generous living room, an eat-in kitchen, three well-sized bedrooms, and a full bathroom perfect for comfortable everyday living. The lower level features a separate entrance to a fully self-contained unit, currently vacant and ready for your next tenant or personal use. This space includes a large eat-in kitchen, cozy living room, two bedrooms with oversized windows providing plenty of natural light, and a full bathroom. Additional highlights include a shared laundry and storage area, a durable metal roof, and a furnace and central air system updated in recent years for added peace of mind. Situated on a deep lot, the backyard offers exciting potential for future expansion, whether you're considering an addition or exploring development opportunities. Located in a fantastic area close to LHSC, downtown, shopping, dining, and with easy highway access, this is a rare opportunity to own a flexible, income-generating property in a highly convenient location.

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Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,152/mo
Mortgage $2,416
Monthly Loss $2,516
Principal$636
Interest$1,780
Property Tax$360
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%24
Cash-on-Cash
-5.6%2
5-Year IRR
11.3%45
10-Year IRR
11.6%
Returns Index
23.3/ 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
$34,056/yr
NOI
$21,825/yr
Net Cash Flow
-$597/mo
Cash Margin
-21.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
27.0/ 100

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

Comparables

Properties near 712 Chester Street

Time

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Data last updated within the past 24 hours.