515 Skyline Avenue 55, London North

$929,900
515 Skyline Avenue 55

$929,900

New
32d
Detached Condo2-Storey

515 Skyline Avenue 55, London North

Total Monthly Obligation $4,763

Beds
4
Baths
3
Park
2
Sqft
2500-2749
DOM
32d
Score
21
Yield
5.8%
Cash on Cash
-0.5%
Cap Rate
4.5%
5Y IRR
15.2%
10Y IRR
14.3%
Property Type-Detached Condo
MLS® Number-X13810054
Beds-4
Bathrooms-3
Size-2500-2749 sqft
Listed on site-Sep 21, 2026
Style-2-Storey
Building Type-Detached Condo
Age-11-15
Taxes-$8,756.45 (2026)
Maintenance-$82.49/mo
Locker-None
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick, Vinyl Siding
Possession-Flexible
Neighbourhood-North B
Title-Residential Condo & Other

No agent assigned

Welcome to this spacious and well-maintained family home, ideally situated on a fabulous corner lot with approximately 100 ft of frontage in a desirable North London neighbourhood. Offering over 2,500 sq ft above grade, 4 bedrooms and 2.5 bathrooms, this home features a bright and functional layout with plenty of natural light. The main floor welcomes you with a two-storey foyer, a versatile front living room/office with a soaring 10 ft ceiling, and a formal dining room. The open-concept kitchen features granite countertops, a centre island and newer stove, flowing seamlessly into the spacious living room with large windows and a cozy gas fireplace. Main-floor laundry and a large walk-in pantry add everyday convenience. Upstairs offers four generously sized bedrooms and hardwood flooring throughout. The spacious primary bedroom features a ceiling approaching 9 ft, walk-in closet and 5-piece ensuite. The unfinished lower level offers excellent future potential with large windows and a bathroom rough-in. Outside features a fully fenced backyard with deck and gazebo, double garage and newly resurfaced driveway (2026). Walking distance to Jack Chambers Public School, parks and playgrounds, and minutes to Masonville, Western University, shopping, restaurants and other North London amenities. A wonderful opportunity in a highly sought-after North London community!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$743,920
Land Transfer Taxes$15,073
Legal Fees (Est.)
$
Total cash required for closing$202,553

Total Monthly Obligation

$4,763/mo
Mortgage $3,751
Monthly Loss $3,776
Principal$987
Interest$2,764
Property Tax$730
Condo Fees$82
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.1%51
10-Year IRR
12.3%
Returns Index
26.6/ 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
$53,640/yr
NOI
$36,130/yr
Net Cash Flow
-$740/mo
Cash Margin
-16.6%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8014
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
21.2/ 100

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

Comparables

Properties near 515 Skyline Avenue 55

Time

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