2645 Asima Drive, London South

$749,900
2645 Asima Drive

$749,900

New
23d
Detached2-Storey

2645 Asima Drive, London South

Total Monthly Obligation $3,827

Beds
5
Baths
4
Park
2
Sqft
1500-2000
DOM
23d
Score
19
Yield
5.0%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Detached
MLS® Number-X13844650
Beds-5
Bathrooms-4
Size-1500-2000 sqft
Lot Size-36.18 × 101.85 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$5,130 (2026)
Parking-4 - Attached
Basement-Full, Apartment, Finished
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South U
Title-Residential Freehold

No agent assigned

Welcome to 2645 Asima Drive, a beautifully maintained and extensively improved two-storey home offering exceptional space and versatility in the family-friendly Summerside community. With approximately 1,849 sq. ft. above grade plus a fully finished lower level, this impressive home offers 3+2 bedrooms, 3.5 bathrooms, a double garage and a layout designed to accommodate today's growing and multi-generational families. Step inside to a bright, welcoming main floor featuring an open-concept design ideal for both everyday living and entertaining. The spacious kitchen is complete with granite countertops, island, glass-tile backsplash and plenty of cabinetry, flowing seamlessly into the dining and living areas. Sliding doors provide convenient access to the large rear deck, while the main-floor laundry/mudroom offers direct access to the double garage. Upstairs, you'll find three generous bedrooms, including a spacious primary with a walk-in closet and private ensuite. The bathrooms have been refreshed with quartz vanities, and all toilets have been replaced. The fully finished lower level is a standout feature. Complete with a full kitchen, spacious living area, full bathroom and two additional rooms with legal-size windows, this level offers incredible flexibility for extended family, older children, guests, a home office or additional recreational space. Plumbing is also in place for a separate washer and dryer. The improvements continue throughout the property. The main-floor laundry has been enhanced with cabinetry, countertop and sink, while outside you'll appreciate a freshly painted deck, concrete walkways extending along both sides of the home to the backyard and exterior pot lights that beautifully illuminate the property. Located in London's desirable southeast end with convenient access to parks, schools, shopping, everyday amenities and Highway 401, this is a home that offers far more than meets the eye.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$3,827/mo
Mortgage $3,025
Monthly Loss $3,031
Principal$796
Interest$2,229
Property Tax$428
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.6%33
10-Year IRR
10.3%
Returns Index
17.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$37,308/yr
NOI
$23,947/yr
Net Cash Flow
-$1,029/mo
Cash Margin
-33.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo40
Risk Index
22.4/ 100

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

Comparables

Properties near 2645 Asima 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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Data last updated within the past 24 hours.