587 Classic Court, London East

$699,900
587 Classic Court

$699,900

New
58d
DetachedBacksplit 4

587 Classic Court, London East

Total Monthly Obligation $3,573

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
58d
Score
18
Yield
4.5%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.4%
Property Type-Detached
MLS® Number-X13713750
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-46 × 107 ft
Listed on site-Aug 26, 2026
Style-Backsplit 4
Building Type-Detached
Age-31-50
Taxes-$4,493 (2025)
Parking-4 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-90 Days
Neighbourhood-East P
Title-Residential Freehold

No agent assigned

Wonderful quiet court location well maintained 3 bedroom 4 level backsplit in a great neighbourhood. Features include formal living and dining rooms overlooking spacious kitchen with dual skylights with access to beautiful oasis pie shaped backyard landscaped with waterfall. Large family room on 3rd level with gas fireplace and 2nd bath. Partially finished lower level including lower level laundry. Exterior features 2 car garage with full brick re-face of front of the home.This home provides lots of space for a young family with great schools and amenities in the area and great access to the 401.This home will not disappoint!

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

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,573/mo
Mortgage $2,823
Monthly Loss $2,830
Principal$743
Interest$2,080
Property Tax$374
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.7%1
5-Year IRR
8.0%23
10-Year IRR
9.0%
Returns Index
12.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$31,368/yr
NOI
$19,238/yr
Net Cash Flow
-$1,220/mo
Cash Margin
-46.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.8/ 100

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

Comparables

Properties near 587 Classic Court

Time

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