1653 Cedarcreek Crescent, London North

$899,900
1653 Cedarcreek Crescent

$899,900

New
22d
DetachedBungalow

1653 Cedarcreek Crescent, London North

Total Monthly Obligation $4,515

Beds
4
Baths
4
Park
4
Sqft
1500-2000
DOM
22d
Score
16
Yield
4.0%
Cash on Cash
-7.4%
Cap Rate
3.0%
5Y IRR
9.8%
10Y IRR
10.0%
Property Type-Detached
MLS® Number-X13846848
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-45.01 × 126.86 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$6,119 (2025)
Parking-6 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas, Living Room
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-60 Days
Neighbourhood-North D
Title-Residential Freehold

No agent assigned

Luxury riverside living in North/East London's desirable Cedar Hollow subdivision! On a quiet crescent, this one-floor, full-brick bungalow boasts a finished walk-out lower level backing directly onto the Thames River and scenic trails. Thoughtfully designed, this property offers the perfect setup for premium multi-generational or in-law living with entirely separate, self-contained living quarters.The main level features an open layout with a magnificent great room & dining area, where massive windows frame breathtaking views of the river. The updated modern kitchen features premium granite counters, a center island, stainless-steel fridge, and built-in oven, stovetop, and dishwasher. Patio doors lead to an oversized, balcony-style patio. This level offers 2 spacious bedrooms, each with a private ensuite. The primary retreat boasts a walk-in closet, private balcony, and luxurious 4-piece ensuite with a soaker tub, glass-tiled shower, and granite counter. A double garage provides inside entry to a mudroom with triple closets and potential for a 2nd laundry area.The bright walk-out lower level functions as a complete second home, featuring 2 generous bedrooms with ample closet space, a modern 3-piece bath, a full kitchen with stainless-steel fridge and stove, and a living room anchored by a cozy gas fireplace. Patio doors open to a ground-level covered deck. Complete with a laundry room including washer/dryer, separate workshop, cold cellar, and utility room. Systems include a high-efficiency forced-air gas furnace, central air, and Lifebreath HRV. Exceptional peace of mind with a brand-new asphalt shingle roof (Aug 2026) and a brand-new, fully owned on-demand gas water heater (Sept 2026). Turn-key riverside perfection!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$719,920
Land Transfer Taxes$14,473
Legal Fees (Est.)
$
Total cash required for closing$195,953

Total Monthly Obligation

$4,515/mo
Mortgage $3,630
Monthly Loss $3,560
Principal$955
Interest$2,675
Property Tax$510
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.4%0
5-Year IRR
6.6%17
10-Year IRR
8.0%
Returns Index
9.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$35,628/yr
NOI
$21,446/yr
Net Cash Flow
-$1,843/mo
Cash Margin
-62.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo34
Risk Index
18.8/ 100

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

Comparables

Properties near 1653 Cedarcreek Crescent

Time

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