56 Thomas Janes Drive, London South

$495,000
56 Thomas Janes Drive

$495,000

New
23d
DetachedBungalow

56 Thomas Janes Drive, London South

Total Monthly Obligation $2,643

Beds
3
Baths
2
Park
4
Sqft
700-1100
DOM
23d
Score
23
Yield
6.0%
Cash on Cash
1.1%
Cap Rate
4.8%
5Y IRR
16.4%
10Y IRR
15.3%
Property Type-Detached
MLS® Number-X13850806
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-35.09 × 114.93 ft
Listed on site-Sep 30, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,252.2 (2025)
Parking-4 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-South G
Title-Residential Freehold

No agent assigned

Welcome to this charming well-maintained home, situated on one of the Old South's most desirable, tree-lined streets within walking distance to Victoria Hospital. It offers convenient main-floor living with versatile additional space below, combining functionality with charm. The bright and inviting main level features two spacious bedrooms, a full bathroom, A bright, large kitchen with extensive white cabinetry, including upper glass-front displays. Substantial quartz countertop space, Stainless steel appliances, full-size range with modern hood fan, built-in microwave, and a dedicated beverage fridge. Expand your living options downstairs with large living space ideal for guests, teenager's, in-laws, or even potential rental income. Large fenced backyard with stamped concrete patio for entertaining. Don't miss this unique opportunity to get into this charming bungalow in an unbeatable location in Old South, within walking distance to shopping, public transit, and Victoria Hospital. Book your showing today!!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$396,000
Land Transfer Taxes$6,375
Legal Fees (Est.)
$
Total cash required for closing$106,875

Total Monthly Obligation

$2,643/mo
Mortgage $1,997
Monthly Loss $2,117
Principal$525
Interest$1,471
Property Tax$271
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.9%2
5-Year IRR
11.8%49
10-Year IRR
12.1%
Returns Index
25.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$29,496/yr
NOI
$18,794/yr
Net Cash Flow
-$431/mo
Cash Margin
-17.5%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo62
Risk Index
31.3/ 100

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

Comparables

Properties near 56 Thomas Janes Drive

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.