438 Magnolia Crescent, London East

$579,900
438 Magnolia Crescent

$579,900

New
25d
DetachedSidesplit 3

438 Magnolia Crescent, London East

Total Monthly Obligation $3,097

Beds
5
Baths
2
Park
4
Sqft
1100-1500
DOM
25d
Score
20
Yield
5.5%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X13835524
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-70.15 × 137.75 ft
Listed on site-Sep 28, 2026
Style-Sidesplit 3
Building Type-Detached
Age-51-99
Taxes-$4,593 (2025)
Parking-5 - Carport
Basement-Full, Walk-Out, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room, Natural Gas, Rec Room
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-East A
Title-Residential Freehold

No agent assigned

Welcome to this charming and affordable 5 bedroom, 3 level side-split, ideally situated on a quiet, tree lined crescent in a family friendly neighbourhood. Set on a spacious lot with an impressive 70 foot frontage and within walking distance to schools, this home offers plenty of room for a growing family both inside and out. The inviting curb appeal features a covered front porch, double wide driveway and carport, providing parking for up to five vehicles. Step inside to a bright, open concept kitchen and living area featuring a cozy gas fireplace and large windows that fill the space with natural light. The adjoining dining area offers patio doors leading to a sunroom and an outdoor patio overlooking the expansive backyard. Kids and young adults alike will love the outdoor space, highlighted by a large deck with storage sheds and an impressive two level treehouse complete with hydro, a unique backyard retreat with plenty of possibilities. Inside, the home offers five bedrooms, providing excellent flexibility for a larger family, home office or guest rooms. The finished lower level features a recreation room with a gas fireplace ideal for movie nights. A convenient walk out rear entrance provides direct access between the backyard and lower level. Recent improvements include new laminate flooring throughout in 2023,updated light fixtures in the bedrooms, living room and basement in 2024, and a new tankless water heater in 2024. The upper level also features a beautifully renovated bathroom. Conveniently located between Western University and Fanshawe College, approximately a 10 minute drive to Western and 8 minutes to Fanshawe. This home is also close to schools, shopping, grocery stores and everyday amenities. With five bedrooms, a large 70 by 137 foot lot, abundant parking, finished living space and a backyard designed for family enjoyment, this welcoming home offers an excellent combination of space, comfort, location and value.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$463,920
Land Transfer Taxes$8,073
Legal Fees (Est.)
$
Total cash required for closing$125,553

Total Monthly Obligation

$3,097/mo
Mortgage $2,339
Monthly Loss $2,481
Principal$616
Interest$1,724
Property Tax$383
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.6%2
5-Year IRR
10.4%39
10-Year IRR
11.0%
Returns Index
20.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$32,100/yr
NOI
$19,797/yr
Net Cash Flow
-$689/mo
Cash Margin
-25.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
26.8/ 100

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

Comparables

Properties near 438 Magnolia Crescent

Time

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