987 Whetherfield Street 39, London North

$529,900
987 Whetherfield Street 39

$529,900

New
22d
Condo TownhouseBungalow

987 Whetherfield Street 39, London North

Total Monthly Obligation $3,185

Bed+Den
3+1
Baths
3
Park
2
Sqft
1200-1399
DOM
22d
Score
18
Yield
5.7%
Cash on Cash
-5.3%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Condo Townhouse
MLS® Number-X13847176
Bed+Den-3+1
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-16-30
Taxes-$4,476 (2025)
Maintenance-$475/mo
Locker-None
Parking-4 - Attached
Basement-Partial Basement, Walk-Out
Heating-Forced Air (Gas)
Brokerage-MICHAEL MORRISH REAL ESTATE BROKERAGE
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas, Rec Room
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-North M
Title-Residential Condo & Other

No agent assigned

This condo is carpet-free on the main level with a vaulted ceiling that makes the space feel bright and airy. A rare full walkout lower level adds both comfort and room to spread out. On the main floor, you'll find a cozy primary bedroom with a 3-piece ensuite, a second bedroom that could easily serve as a home office, a 4-piece main bathroom, main floor laundry, and a warm kitchen with a marble backsplash. A large patio door leads from the living area to a private deck, perfect for quiet mornings, and there's direct garage entrance from the double car garage into the unit. The lower level features a walkout with its own large patio door opening to a ground-level patio, a gas fireplace that anchors the spacious recreation room in warmth, an additional lower-level bedroom, a 3-piece bathroom, and a large furnace/storage area. Outside, the unit enjoys a charming front courtyard setting, while the condo complex has a club house where you can entertain.

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

Closing Costs

Mortgage Amount
$423,920
Land Transfer Taxes$7,073
Legal Fees (Est.)
$
Total cash required for closing$114,553

Total Monthly Obligation

$3,185/mo
Mortgage $2,137
Monthly Loss $2,623
Principal$562
Interest$1,575
Property Tax$373
Condo Fees$475
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.0%23
10-Year IRR
9.2%
Returns Index
12.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$29,952/yr
NOI
$14,381/yr
Net Cash Flow
-$939/mo
Cash Margin
-37.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.9/ 100

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

Comparables

Properties near 987 Whetherfield Street 39

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.