1378 Shields Place, London North

$974,900
1378 Shields Place

$974,900

New
22d
Detached2-Storey

1378 Shields Place, London North

Total Monthly Obligation $4,307

Beds
4
Baths
4
Park
4
Sqft
2500-3000
DOM
22d
Score
18
Yield
3.8%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Detached
MLS® Number-X13848456
Beds-4
Bathrooms-4
Size-2500-3000 sqft
Lot Size-40 × 155.7 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-6 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Facing-East
Exterior-Stucco (Plaster), Stone
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Move-In Ready Model Home
Neighbourhood-North S
Title-Residential Freehold

No agent assigned

MOVE-IN READY MODEL HOME: Stunning 2,590 sqft Two-Storey Detached Home by Rockmount Homes in Foxfield North! This exclusive final phase offers extraordinary lots on Shields Place & Heardcreek Trail with lookout or walkout options, majority backing onto lush green space and a creek for added tranquility. Located in the desirable northwest end, Foxfield North provides seamless access to major shopping centers, restaurants, and arterial roads, ensuring effortless travel across the city. Families will appreciate placement within the new Northwest Public School and St. Gabriel Catholic Primary School zones. With Rockmount Homes, you have the flexibility of customizable floor plans, deposit structures, and closing timelines to fit your needs. All our homes offer 9' ceilings and engineered hardwood flooring on the main level, with large 6' x 8' rear windows that fill the space with natural light. Design your dream home with custom cabinetry in the kitchen and bathrooms, and endless selections everywhere else. Situated on a cul-de-sac in the middle of the neighbourhood, this area offers quieter streets and enhanced privacy. Foxfield North has newly built sports fields, parks, and lengthy walking trails. Experience quality and comfort in one of London's upcoming, most desirable neighborhoods. ***PRICE IS INCLUSIVE OF ENHANCED HST REBATE FOR NEW HOME CONSTRUCTION***

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

Closing Costs

Mortgage Amount
$779,920
Land Transfer Taxes$15,973
Legal Fees (Est.)
$
Total cash required for closing$212,453

Total Monthly Obligation

$4,307/mo
Mortgage $3,932
Monthly Loss $3,273
Principal$1,035
Interest$2,898
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-8.9%1
5-Year IRR
8.5%26
10-Year IRR
9.3%
Returns Index
14.1/ 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
$36,600/yr
NOI
$28,440/yr
Net Cash Flow
-$1,562/mo
Cash Margin
-51.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
20.2/ 100

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

Comparables

Properties near 1378 Shields Place

Time

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Data last updated within the past 24 hours.