1600 Mickleborough Drive 17, London North

$399,999
1600 Mickleborough Drive 17

$399,999

New
22d
Condo Townhouse2-Storey

1600 Mickleborough Drive 17, London North

Total Monthly Obligation $2,514

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
22d
Score
22
Yield
6.9%
Cash on Cash
-0.6%
Cap Rate
4.5%
5Y IRR
15.1%
10Y IRR
14.2%
Property Type-Condo Townhouse
MLS® Number-X13850448
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-16-30
Taxes-$3,085 (2025)
Maintenance-$443.46/mo
Locker-None
Parking-1 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Immediate
Neighbourhood-North I
Title-Residential Condo & Other

No agent assigned

Don't miss this exceptional opportunity to own a turnkey condo in one of North London's most sought-after communities. Perfectly suited for first-time buyers, savvy investors, or those looking to embrace a low-maintenance lifestyle, this beautifully maintained townhome offers the ideal balance of comfort, style, and convenience. Pride of ownership is evident throughout this spacious 3-bedroom home. Step inside to an expansive, welcoming living room-an ideal setting for both everyday living and entertaining. At the rear of the main level, you'll find a bright, sun-filled eat-in kitchen that serves as the heart of the home, perfect for casual meals and family gatherings. Upstairs features three generously sized bedrooms, including an impressively large primary retreat. The fully finished lower level adds valuable living space with a sizable rec room, along with a laundry area, ample storage, and a rough-in for an additional bathroom. Located in a highly desirable neighbourhood close to a wide range of amenities and within a top-rated school district, this home truly checks all the boxes. Townhomes in such pristine, move-in-ready condition are a rare find-act quickly

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$319,999
Land Transfer Taxes$4,475
Legal Fees (Est.)
$
Total cash required for closing$85,975

Total Monthly Obligation

$2,514/mo
Mortgage $1,613
Monthly Loss $2,089
Principal$425
Interest$1,189
Property Tax$257
Condo Fees$443
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.1%2
5-Year IRR
11.0%43
10-Year IRR
11.6%
Returns Index
22.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$27,672/yr
NOI
$14,098/yr
Net Cash Flow
-$439/mo
Cash Margin
-19.0%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
31.6/ 100

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

Comparables

Properties near 1600 Mickleborough Drive 17

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.