1201 PATANN Drive N, London East

$459,900
1201 PATANN Drive N

$459,900

New
22d
DetachedBungalow

1201 PATANN Drive N, London East

Total Monthly Obligation $2,508

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
22d
Score
25
Yield
6.6%
Cash on Cash
3.6%
Cap Rate
5.4%
5Y IRR
18.4%
10Y IRR
17.0%
Property Type-Detached
MLS® Number-X13851924
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-55 × 130 ft
Listed on site-Oct 1, 2026
Style-Bungalow
Building Type-Detached
Age-51-99
Taxes-$3,336 (2025)
Parking-3 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Shingles
Foundation-Concrete Block
Sewer-Sewer
Possession-flexible
Neighbourhood-East D
Title-Residential Freehold

No agent assigned

Welcome to this solid, well-built 2+1 bedroom home offering plenty of potential for buyers looking to make a space their own. Featuring 2 three-piece bathrooms, some hardwood flooring, vinyl windows and a functional layout with a convenient side entrance.The home is ready for updating throughout, but offers solid bones and a great opportunity to renovate and add your own personal style. The finished lower level provides additional living space, a third bedroom and a second 3-piece bathroom.Additional features include an owned hot water heater (2024) and an irrigation system. A great opportunity for renovators, first-time buyers or anyone looking for a home they can update to their own taste.

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

Closing Costs

Mortgage Amount
$367,920
Land Transfer Taxes$5,673
Legal Fees (Est.)
$
Total cash required for closing$99,153

Total Monthly Obligation

$2,508/mo
Mortgage $1,855
Monthly Loss $2,020
Principal$488
Interest$1,367
Property Tax$278
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.8%4
5-Year IRR
13.5%61
10-Year IRR
13.4%
Returns Index
31.9/ 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
$30,396/yr
NOI
$19,520/yr
Net Cash Flow
-$228/mo
Cash Margin
-9.0%1
Cash Flow Index
0.8/ 100
Risk Profile
Weight: 20%
DSCR
0.8818
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
34.0/ 100

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

Comparables

Properties near 1201 PATANN Drive N

Time

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