1223 Thornley Street, London South

$889,900
1223 Thornley Street

$889,900

New
60d
Detached2-Storey

1223 Thornley Street, London South

Total Monthly Obligation $4,570

Beds
4
Baths
4
Park
4
Sqft
2500-3000
DOM
60d
Score
19
Yield
5.2%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Detached
MLS® Number-X13706114
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-49.21 × 114.83 ft
Listed on site-Aug 24, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,259 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas, Rec Room
Pool-None
Facing-West
Exterior-Brick
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South L
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained 4-bedroom, 4-bathroom home in the sought-after Crestwood/Westmount neighbourhood, offering exceptional space, character and extensive upgrades. The impressive two-storey great room features soaring ceilings, a gas fireplace and southwestern exposure, while the open-concept layout connects the dining area with the extensively renovated kitchen. Upstairs offers modern laminate flooring, a spacious primary suite with renovated ensuite and walk-in closet, a second bedroom with a walk-in closet, and a third with a vaulted ceiling.The professionally finished lower level features a soundproofed recreation room wired for surround sound, wet bar, second gas fireplace, modern bathroom with heated porcelain floors, large laundry area and ample storage. Major improvements include a metal roof, Furnace (2025) and Central air conditioning (2026), water heater, upgraded flooring, renovated bathrooms, updated toilets and vanities, front entrance door, garage doors, closet organizers, lighting and switches, humidifier, security cameras (2026) and kitchen garburator. Exterior upgrades include an updated driveway, extensive front landscaping and steps, pergola, backyard and front lanterns, storage shed, new oversized deck (2026), and an epoxy-finished and painted garage(2024). Meticulously maintained and extensively improved inside and out, this turn-key home is ready for its next owner. Please refer to the Documents section for a detailed list of renovations and upgrades completed over the years, including recent improvements. BOOK YOUR PRIVATE SHOWING TODAY!

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

Closing Costs

Mortgage Amount
$711,920
Land Transfer Taxes$14,273
Legal Fees (Est.)
$
Total cash required for closing$193,753

Total Monthly Obligation

$4,570/mo
Mortgage $3,590
Monthly Loss $3,625
Principal$945
Interest$2,645
Property Tax$605
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.9%1
5-Year IRR
10.2%37
10-Year IRR
10.8%
Returns Index
19.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$46,344/yr
NOI
$29,951/yr
Net Cash Flow
-$1,094/mo
Cash Margin
-28.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo33
Risk Index
20.3/ 100

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

Comparables

Properties near 1223 Thornley Street

Time

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