440 Central Avenue 605, London East

$199,900
440 Central Avenue 605

$199,900

New
23d
Condo ApartmentApartment

440 Central Avenue 605, London East

Total Monthly Obligation $1,778

Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
23d
Score
26
Yield
10.9%
Cash on Cash
5.0%
Cap Rate
5.7%
5Y IRR
19.6%
10Y IRR
17.9%
Property Type-Condo Apartment
MLS® Number-X13848336
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,593 (2026)
Maintenance-$638.67/mo
Locker-Exclusive
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-RE/MAX CENTRE CITY REALTY INC.
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Flat
Possession-Immediate
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

Attention first-time buyers and savvy investors alike! Unit 605 at 440 Central Avenue is a spacious one-bedroom condominium in a beautifully updated building in downtown London. Located on the sixth floor of this seven-storey building, the unit faces west toward downtown and offers clear views of the evening sunset.Conveniently located only steps from the elevator, the unit features a large living room with updated flooring, a separate dining area and a kitchen equipped with a refrigerator, stove and microwave. The layout also includes a four-piece bathroom and a generously sized bedroom, along with a designated storage unit located on the same floor.Building amenities include secured entry, coded elevator access to the residential floors, open parking and resident-only laundry facilities on the second floor. An updated common area provides additional space for residents to gather, including a rooftop terrace with chaise lounges and a sitting area. A well-sized, fully furnished downtown unit offering strong building security, useful amenities and beautiful views over the city.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$159,920
Land Transfer Taxes$1,724
Legal Fees (Est.)
$
Total cash required for closing$43,204

Total Monthly Obligation

$1,778/mo
Mortgage $806
Monthly Loss $1,566
Principal$212
Interest$594
Property Tax$133
Condo Fees$639
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.9%3
5-Year IRR
13.3%59
10-Year IRR
13.7%
Returns Index
30.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$21,828/yr
NOI
$7,988/yr
Net Cash Flow
-$141/mo
Cash Margin
-7.7%1
Cash Flow Index
1.0/ 100
Risk Profile
Weight: 20%
DSCR
0.8315
LTV Ratio
80.0%18
Vacancy Buffer
5.4 mo87
Risk Index
40.2/ 100

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

Comparables

Properties near 440 Central Avenue 605

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.