1600 ADELAIDE Street N 1001, London North

$348,888
1600 ADELAIDE Street N 1001

$348,888

New
21d
Condo ApartmentApartment

1600 ADELAIDE Street N 1001, London North

Total Monthly Obligation $2,222

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
21d
Score
21
Yield
6.6%
Cash on Cash
-2.3%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Condo Apartment
MLS® Number-X13852884
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$2,096 (2025)
Maintenance-$440/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Forced Air (Electric)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Concrete
Possession-flexible immediate pref.
Neighbourhood-North C
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 1001-1600 Adelaide St. in North London. This top-floor corner suite offers an inviting blend of comfort, light, and low-maintenance living. The open-concept layout creates a seamless flow between the updated kitchen, dining area, and spacious living room, complete with an electric fireplace that adds warmth and ambience. Enjoy beautiful east-facing views and gentle morning sunlight that fills the home with natural light. The unit features two well-proportioned bedrooms, an updated bathroom, and the everyday convenience of in-suite laundry. Major mechanical peace of mind: the heating and cooling system was updated in 2025.The top-floor, corner position provides added privacy along with a quiet living environment. Residents also enjoy access to building amenities including a small gym, a comfortable lounge with table and seating area, elevator service, and ample visitor parking. Ideally located close to shopping, schools, restaurants, and everyday amenities, this is an excellent opportunity for buyers seeking move-in convenience in a highly accessible North London location.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$279,110
Land Transfer Taxes$3,708
Legal Fees (Est.)
$
Total cash required for closing$74,986

Total Monthly Obligation

$2,222/mo
Mortgage $1,407
Monthly Loss $1,852
Principal$370
Interest$1,037
Property Tax$175
Condo Fees$440
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.5%32
10-Year IRR
10.4%
Returns Index
17.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$22,920/yr
NOI
$10,852/yr
Net Cash Flow
-$503/mo
Cash Margin
-26.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo74
Risk Index
33.5/ 100

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

Comparables

Properties near 1600 ADELAIDE Street N 1001

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.