241 ANDOVER Drive, London South

$799,000
241 ANDOVER Drive

$799,000

New
36d
Detached2-Storey

241 ANDOVER Drive, London South

Total Monthly Obligation $4,028

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
36d
Score
17
Yield
4.4%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Detached
MLS® Number-X13799070
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-56.36 × 110.1 ft
Listed on site-Sep 17, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$5,163 (2025)
Parking-4 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-THRIVE REALTY GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Fibreglass Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-South O
Title-Residential Freehold

No agent assigned

This home is truly a work of art, blending luxury, comfort, and thoughtful design across every level. Professionally curated with unique finishes, it offers a standout living experience from the moment you step inside. A welcoming foyer with double entry doors and a striking wood staircase sets the tone. The main floor features high-quality engineered hardwood throughout and a highly functional layout, including a formal dining room, a modern kitchen with quartz countertops, and a spacious eating area that flows seamlessly into a warm and inviting family room complete with a natural wood-burning fireplace.Upstairs, the private primary suite offers a spa-inspired ensuite, creating the perfect retreat. Two additional generously sized bedrooms and a beautifully updated main bathroom complete the second level. Major updates provide peace of mind, including a newer roof (2022), furnace (2022), and A/C (2019). The basement with a bathroom and kitchenette rough-in offers endless potential for future living space. Step outside to a professionally designed backyard oasis, fully tiled and enhanced with concrete retaining walls and elegant pergolas with integrated lighting-controlled right from inside the home. A property like this must be experienced in person to be fully appreciated.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$4,028/mo
Mortgage $3,223
Monthly Loss $3,180
Principal$848
Interest$2,375
Property Tax$430
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.1%24
10-Year IRR
9.1%
Returns Index
13.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$35,400/yr
NOI
$22,197/yr
Net Cash Flow
-$1,373/mo
Cash Margin
-46.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.9/ 100

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

Comparables

Properties near 241 ANDOVER 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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