2840 Buroak Drive 105, London North

$579,900
2840 Buroak Drive 105

$579,900

New
21d
Condo Townhouse2-Storey

2840 Buroak Drive 105, London North

Total Monthly Obligation $2,779

Beds
3
Baths
3
Park
2
Sqft
1600-1799
DOM
21d
Score
24
Yield
5.5%
Cash on Cash
0.8%
Cap Rate
4.8%
5Y IRR
16.2%
10Y IRR
15.1%
Property Type-Condo Townhouse
MLS® Number-X13856600
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-New
Maintenance-$240/mo
Locker-Common
Parking-3 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN STEVE KLEIMAN INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Vinyl Siding
Possession-Flexible
Neighbourhood-North S
Title-Residential Condo & Other

No agent assigned

Double Driveway for this Cornell Layout. Welcome to Fox Grove by Auburn Homes, an exciting new condominium community in North London where thoughtful design meets an exceptional location. Situated near London's rapidly growing northwest boundary, Fox Grove offers the perfect balance of urban convenience & natural beauty. Enjoy easy access to scenic walking trails, parks, basketball, tennis & pickleball courts, while Hyde Park & Masonville shopping districts are just minutes away. Restaurants, cafes, golf courses are all nearby. Walking distance to the new Northwest Public School, making Fox Grove an ideal community for growing households. The Cornell Interior is one of Fox Grove's most sought-after floor plans, offering 1,728 sq. ft. of beautifully designed living space, plus an optional finished basement adding approximately 730 sq. ft. more. The Cornell has the extra-deep front hall closet, providing exceptional storage right where you need it most. The spacious open-concept main floor is centered around a large kitchen with an oversized island, seamlessly connecting the kitchen, dinette and living room to create an inviting space for entertaining or everyday living. Buyers also love the optional fireplace on the back wall, creating a warm and elegant focal point in the living area. Upstairs, the primary bedroom is located at the front of the home, offering a spacious retreat complete with a walk-in closet & private ensuite. Two additional bedrooms, a full bathroom, & second-floor laundry provide the flexibility & functionality today's buyers are looking for. Another feature that sets Fox Grove apart is that every home includes a double driveway, giving homeowners plenty of parking space.

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

Closing Costs

Mortgage Amount
$463,920
Land Transfer Taxes$8,073
Legal Fees (Est.)
$
Total cash required for closing$125,553

Total Monthly Obligation

$2,779/mo
Mortgage $2,339
Monthly Loss $2,164
Principal$616
Interest$1,724
Condo Fees$240
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.1%27
Cash-on-Cash
-3.6%3
5-Year IRR
12.7%55
10-Year IRR
12.7%
Returns Index
28.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$32,004/yr
NOI
$23,524/yr
Net Cash Flow
-$379/mo
Cash Margin
-14.2%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8416
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo59
Risk Index
31.0/ 100

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

Comparables

Properties near 2840 Buroak Drive 105

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.