1 Tanner Drive, London East

$499,900
1 Tanner Drive

$499,900

Price Change
45d
Detached2-Storey

1 Tanner Drive, London East

Total Monthly Obligation $2,659

HausQ Valuation Report
Beds
3
Baths
2
Park
3
Sqft
1100-1500
DOM
45d
Score
22
Yield
5.9%
Cash on Cash
0.9%
Cap Rate
4.8%
5Y IRR
16.3%
10Y IRR
15.2%
Property Type-Detached
MLS® Number-X13753066
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-32.89 × 99.04 ft
Listed on site-Sep 8, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,212.43 (2026)
Parking-3 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-THRIVE REALTY GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East P
Title-Residential Freehold

No agent assigned

Welcome to 1 Tanner Drive, a move-in-ready, two-storey home offering three bedrooms and 1.5 bathrooms in one of London's desirable quiet neighbourhoods. Conveniently located near Highway 401, East Park, highly rated schools, shopping, parks and everyday amenities, this home is ideal for families. The main floor features a bright, spacious living room with large windows, a two-piece bathroom and a lovely kitchen with an open-concept peninsula overlooking the dining area. Sliding doors lead to a fully fenced backyard complete with a large deck, gazebo and storage shed, perfect for relaxing or entertaining. The driveway provides parking for three to four vehicles. Upstairs, you'll find three spacious bedrooms, each with a closet and large windows providing plenty of natural light, along with a four-piece bathroom. The partially finished basement offers additional living and storage space. Additional features include vinyl windows throughout, a 100-amp breaker panel, and a furnace and central air conditioner installed approximately in 2018. Located in a quiet, family-friendly neighbourhood, this welcoming home is ready for its next family!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,659/mo
Mortgage $2,016
Monthly Loss $2,129
Principal$531
Interest$1,486
Property Tax$268
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
11.7%48
10-Year IRR
12.0%
Returns Index
24.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$29,436/yr
NOI
$18,780/yr
Net Cash Flow
-$451/mo
Cash Margin
-18.4%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
31.0/ 100

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

Comparables

Properties near 1 Tanner Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.