318 Admiral Drive, London East

$445,000
318 Admiral Drive

$445,000

New
21d
Semi-Detached 2-Storey

318 Admiral Drive, London East

Total Monthly Obligation $2,356

HausQ Valuation Report
Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
21d
Score
27
Yield
6.6%
Cash on Cash
4.7%
Cap Rate
5.6%
5Y IRR
19.3%
10Y IRR
17.7%
Property Type-Semi-Detached
MLS® Number-X13854598
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-32.21 × 100.24 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$2,227.97 (2026)
Parking-3 - None
Basement-Separate Entrance, Partial Basement
Heating-Forced Air (Electric)
Brokerage-RE/MAX GOLD REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick Front, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-tbd
Neighbourhood-East A
Title-Residential Freehold

No agent assigned

Welcome to a beautifully renovated 3-bedroom home designed for a family looking for comfort,quality, and a place to call home for years to come.Thousands of dollars have been invested into thoughtful upgrades, including brand new flooring,renovated washrooms, fresh paint, new doors, new front window, modern lighting, and pot lightswith night lighting. Kitchen was replaced in 2022 with quartz countertop. Backsplash waschanged in 2026. A/C was replaced in 2023. The newly finished recreation room providesadditional living space perfect for family gatherings, entertainment, or relaxation.Step outside and enjoy the private backyard featuring a concrete patio and two garden sheds,offering both outdoor enjoyment and extra storage.Located in a convenient family-friendly neighborhood close to Argyle Mall, schools, parks, andwith bus access right in front of the home, this property offers the perfect blend of lifestyleand convenience. A move-in ready home where every detail has been upgraded - waiting for the next family tocreate lasting memories.

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

Closing Costs

Mortgage Amount
$356,000
Land Transfer Taxes$5,375
Legal Fees (Est.)
$
Total cash required for closing$95,875

Total Monthly Obligation

$2,356/mo
Mortgage $1,795
Monthly Loss $1,883
Principal$472
Interest$1,323
Property Tax$186
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.8%5
5-Year IRR
14.3%66
10-Year IRR
14.0%
Returns Index
34.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 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
$29,508/yr
NOI
$19,829/yr
Net Cash Flow
-$143/mo
Cash Margin
-5.8%2
Cash Flow Index
1.5/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo70
Risk Index
36.3/ 100

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

Comparables

Properties near 318 Admiral Drive

Time

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Data last updated within the past 24 hours.