38 Stoneycreek Place, London North

$710,000
38 Stoneycreek Place

$710,000

New
24d
Detached2-Storey

38 Stoneycreek Place, London North

Total Monthly Obligation $3,657

Beds
3
Baths
4
Park
2
Sqft
2000-2500
DOM
24d
Score
21
Yield
5.7%
Cash on Cash
0.3%
Cap Rate
4.6%
5Y IRR
15.8%
10Y IRR
14.8%
Property Type-Detached
MLS® Number-X13838178
Beds-3
Bathrooms-4
Size-2000-2500 sqft
Lot Size-8956 SquareFeet
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$5,012 (2025)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-LPT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible, sooner preferred
Neighbourhood-North C
Title-Residential Freehold

No agent assigned

Tucked at the end of a quiet Stoneycreek cul-de-sac, this 3-bedroom, 4-bathroom home gives a family room to grow, above and below ground. A wide entrance and hardwood staircase set the tone the moment you walk in. To the left, a formal living room opens into the dining room, ready to host Sunday dinners. The kitchen flows into a bright eat-in space overlooking a private backyard with beautiful, established gardens and continues into a family room centered around a brick, natural gas fireplace where you can cozy up for the fall and winter months. Upstairs holds three well-sized bedrooms, including a massive primary with its own ensuite that has lots of closet space, plus a full separate 4-piece bath, and the rare bonus of upstairs laundry. Downstairs, the fully finished lower level is built for flexibility: a large rec room, easily big enough to section off an additional bedroom, home gym, media room, or in-law suite, a separate office for remote work, a full 3-piece bath, a cold room, and plenty of storage. Minutes from great schools, groceries, and shopping. This is a home built for real life with room to make it your own.

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

Mortgage Amount
$568,000
Land Transfer Taxes$10,675
Legal Fees (Est.)
$
Total cash required for closing$154,175

Total Monthly Obligation

$3,657/mo
Mortgage $2,864
Monthly Loss $2,903
Principal$754
Interest$2,110
Property Tax$418
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
11.9%49
10-Year IRR
12.1%
Returns Index
25.7/ 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
$40,692/yr
NOI
$27,111/yr
Net Cash Flow
-$605/mo
Cash Margin
-17.8%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
24.7/ 100

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

Comparables

Properties near 38 Stoneycreek Place

Time

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