1053 Frances Street, London East

$349,900
1053 Frances Street

$349,900

New
22d
DetachedBungalow

1053 Frances Street, London East

Total Monthly Obligation $1,985

HausQ Valuation Report
Beds
2
Baths
2
Park
2
Sqft
700-1100
DOM
22d
Score
25
Yield
6.7%
Cash on Cash
3.5%
Cap Rate
5.3%
5Y IRR
18.4%
10Y IRR
16.9%
Property Type-Detached
MLS® Number-X13851022
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-41.25 × 132 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-100+
Taxes-$2,380 (2025)
Parking-2 - None
Basement-Development Potential, Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-East M
Title-Residential Freehold

No agent assigned

Wow, hold the press!!! An adorable house like this for under 350K, what a deal. We have a very motivated seller and have an appraisal from June 2026 at 400K in "as is" condition. This adorable, 2-bedroom, 2 full bath house in Old East Village has outstanding charm, sure to captivate and a huge private backyard. Spacious kitchen has a gas countertop range, lots of cupboards and leads to the main floor laundry, 3-piece bathroom and patio doors to a large deck. Huge backyard with side ramp leading up to the deck, perfect for those with mobility issues, plus garden shed and fire pit. Parking for 2 cars and a private front porch. Basement has a workshop, plenty of cabinets, large utility room, and open area, perfect for rec room plus a pool table. Located on a quiet street, within walking distance of 100 Kellogg Lane, one of Canada's premier entertainment districts. Perfect home for first time homebuyers or looking to downsize.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$1,985/mo
Mortgage $1,411
Monthly Loss $1,613
Principal$371
Interest$1,040
Property Tax$198
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
12.7%55
10-Year IRR
12.8%
Returns Index
28.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$23,268/yr
NOI
$14,061/yr
Net Cash Flow
-$240/mo
Cash Margin
-12.4%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
38.3/ 100

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

Comparables

Properties near 1053 Frances Street

Time

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