51 Blue Spruce Avenue, Thames Centre

$675,980
51 Blue Spruce Avenue

$675,980

New
50d
Detached2-Storey

51 Blue Spruce Avenue, Thames Centre

Total Monthly Obligation $3,102

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
50d
Score
24
Yield
5.4%
Cash on Cash
2.1%
Cap Rate
5.0%
5Y IRR
17.2%
10Y IRR
16.0%
Property Type-Detached
MLS® Number-X13740020
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-42 × 115 ft
Listed on site-Sep 3, 2026
Style-2-Storey
Building Type-Detached
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-To be built
Neighbourhood-Rural Thames Centre
Title-Residential Freehold

No agent assigned

Pre-construction detached Verona model to be built by Lux Homes Design & Build. The main floor features an open concept layout with a modern kitchen, sleek countertops, contemporary finishes, and a walk-in pantry connected to the principal living and dining areas. The second level includes a spacious primary bedroom with a walk-in closet and private ensuite, along with two additional bedrooms, a full Jack and Jill bathroom, and upper-level laundry. The unfinished basement offers future development potential or storage, with an option to finish at an additional cost. Additional features include an attached garage with inside access through a mudroom, private driveway, and brick and vinyl exterior construction. Located in a growing community minutes from London, with nearby parks, schools, shopping, and everyday amenities. Home to be built with flexible closing available. Pictures include renderings and photos of a completed home from another location for reference. Subject home to be built. Finishes and specifications to be confirmed and may vary based on buyer selections. Purchase price reflects the 13% HST rebate, subject to Buyer qualification and assignment to the Seller.

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

Closing Costs

Mortgage Amount
$540,784
Land Transfer Taxes$9,995
Legal Fees (Est.)
$
Total cash required for closing$146,691

Total Monthly Obligation

$3,102/mo
Mortgage $2,727
Monthly Loss $2,384
Principal$718
Interest$2,009
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.9%4
5-Year IRR
13.2%59
10-Year IRR
13.1%
Returns Index
30.9/ 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
$36,600/yr
NOI
$28,440/yr
Net Cash Flow
-$357/mo
Cash Margin
-11.7%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
29.2/ 100

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

Comparables

Properties near 51 Blue Spruce Avenue

Time

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