944 Collins Drive, London South

$1,188,000
944 Collins Drive

$1,188,000

New
57d
Detached2-Storey

944 Collins Drive, London South

Total Monthly Obligation $5,877

Beds
4
Baths
4
Park
2
Sqft
2500-3000
DOM
57d
Score
15
Yield
3.8%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Detached
MLS® Number-X13716846
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-60.18 × 120.46 ft
Listed on site-Aug 27, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$8,514 (2026)
Parking-4 - Attached
Basement-Finished, Finished with Walk-Out, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-THRIVE REALTY GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas
Pool-Inground
Facing-South
Exterior-Stucco (Plaster), Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30days
Neighbourhood-South L
Title-Residential Freehold

No agent assigned

Some homes are priced by square footage. This one must be measured by what it would take to recreate it. 944 Collins Drive combines approximately 4,300 total sq. ft., an extensively finished walkout lower level and a level of custom indoor and outdoor investment rarely included with a builder's base price.Inside, a dramatic Jatoba hardwood staircase creates an impressive first impression. The open main floor offers generous living and entertaining areas, a dedicated office or library, Makore wood cabinetry in the kitchen, Caesarstone counters, and a kitchen overlooking the family room and backyard. Upstairs are four spacious bedrooms, including a completely renovated spa-inspired ensuite with heated floors, an oversized glass shower, dual shower heads, a freestanding tub, and illuminated furniture-style vanities.The finished lower level provides exceptional additional living space with in-floor heating, backyard access and room for recreation, guests, a gym or potential fifth bedroom.Outside, the investment continues with a saltwater pool, newer gas heater, covered raised deck, cabana bar, outdoor dining areas, built-in stone pizza oven, charcoal grill, extensive hardscaping and mature landscaping. Add 50-year shingles installed in 2020, upgraded mechanical components and numerous recent improvements, and the value becomes clear.No construction delays. No years of landscaping and upgrades. No unfinished backyard. Just a distinctive, move-in-ready home where the expensive work has already been completed.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$950,400
Land Transfer Taxes$20,235
Legal Fees (Est.)
$
Total cash required for closing$259,335

Total Monthly Obligation

$5,877/mo
Mortgage $4,792
Monthly Loss $4,616
Principal$1,261
Interest$3,531
Property Tax$710
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.4%16
10-Year IRR
7.8%
Returns Index
9.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$45,108/yr
NOI
$27,583/yr
Net Cash Flow
-$2,493/mo
Cash Margin
-66.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo25
Risk Index
16.0/ 100

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

Comparables

Properties near 944 Collins Drive

Time

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