1048 Sandy Somerville Drive, London South

$1,450,000
1048 Sandy Somerville Drive

$1,450,000

New
22d
DetachedBungalow

1048 Sandy Somerville Drive, London South

Total Monthly Obligation $6,791

Beds
3
Baths
3
Park
6
Sqft
2000-2500
DOM
22d
Score
15
Yield
3.0%
Cash on Cash
-10.5%
Cap Rate
2.3%
5Y IRR
7.4%
10Y IRR
8.2%
Property Type-Detached
MLS® Number-X13851532
Beds-3
Bathrooms-3
Size-2000-2500 sqft
Lot Size-55.83 × 120.46 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$6,804.82 (2026)
Parking-8 - Attached
Basement-Development Potential, Finished with Walk-Out, Walk-Out, Partially Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Living Room, Natural Gas, Rec Room
Pool-Community
Facing-South
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South A
Title-Residential Freehold

No agent assigned

A rare offering overlooking the 15th fairway in London's prestigious RiverBend Golf Community. Extensively renovated in 2024, this exceptional brick walkout bungalow pairs sweeping golf-course views with refined interiors and seamless indoor-outdoor living. Thoughtfully reimagined with timeless sophistication, the home offers elevated finishes and an effortless layout for everyday living and elegant entertaining. At its heart is a showpiece kitchen by Casey's, featuring custom alder cabinetry, an oversized quartz island with seating, full-height quartz backsplash, custom range hood and statement brass pendants. Distinctive checkerboard flooring adds a bold finish, while engineered white oak extends through the principal living spaces. Refined millwork and a striking staircase with white oak railings and black spindles complete the main level. A dramatic stone-surround gas fireplace anchors the living area. Off the living and dining areas, an expansive covered deck with glass railings captures sunrise and sunset views across the fairway. Positioned to embrace serene golf course views, the primary suite features a spa-inspired ensuite with custom white oak double vanity, quartz countertops, glass-enclosed shower and generous soaker tub. The main bathroom and laundry room have been thoughtfully updated with custom cabinetry and mosaic tile accents. The walkout lower level includes an impressive 980 sq.ft. of additional living space, including updated flooring, a spacious family room anchored by a gas fireplace with shiplap feature wall and mantel, recreation area, third bedroom, three-piece bath and third gas fireplace. Additional space offers further development potential, while the walkout opens to a covered patio and manicured gardens overlooking a tranquil pond. Mechanical updates include brand high efficiancy furnace, humidifier and AC, garage door opener, 3 new gas lines. Land Lease: $747.91/mo.-comparatively low within RiverBend. Maintenance Fee: $646.92/mo.

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

Closing Costs

Mortgage Amount
$1,160,000
Land Transfer Taxes$25,475
Legal Fees (Est.)
$
Total cash required for closing$316,975

Total Monthly Obligation

$6,791/mo
Mortgage $5,849
Monthly Loss $5,252
Principal$1,539
Interest$4,310
Property Tax$567
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.6%0
5-Year IRR
4.9%11
10-Year IRR
6.6%
Returns Index
6.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$43,356/yr
NOI
$27,716/yr
Net Cash Flow
-$3,539/mo
Cash Margin
-98.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
14.5/ 100

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

Comparables

Properties near 1048 Sandy Somerville 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.