62 Thorncrest Crescent, London South

$499,900
62 Thorncrest Crescent

$499,900

New
45d
DetachedBungalow

62 Thorncrest Crescent, London South

Total Monthly Obligation $2,662

Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
45d
Score
21
Yield
5.3%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Detached
MLS® Number-X13757120
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-51 × 125 ft
Listed on site-Sep 8, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,252 (2025)
Parking-3 - None
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South D
Title-Residential Freehold

No agent assigned

Welcome to 62 Thorncrest Crescent, nestled in the lovely and established Southcrest neighbourhood. This well-maintained 3-bedroom, 1-bathroom bungalow offers a bright and inviting atmosphere with a functional layout and generously sized rooms throughout.The spacious living room features a large window that fills the space with natural light, creating a warm and airy feel. The kitchen provides direct access through the back door to a beautifully landscaped backyard, offering a peaceful space to relax, entertain, or simply enjoy the outdoors.The basement provides ample storage and plenty of additional space with great potential to expand and customize to suit your needs.Conveniently located close to schools, parks, shopping, public transit, and everyday amenities.

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

Closing Costs

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

Total Monthly Obligation

$2,662/mo
Mortgage $2,016
Monthly Loss $2,132
Principal$531
Interest$1,486
Property Tax$271
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%20
Cash-on-Cash
-7.4%1
5-Year IRR
9.9%34
10-Year IRR
10.5%
Returns Index
18.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$26,688/yr
NOI
$16,267/yr
Net Cash Flow
-$661/mo
Cash Margin
-29.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
29.7/ 100

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

Comparables

Properties near 62 Thorncrest Crescent

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.