29 Southland Drive, London South

$659,999
29 Southland Drive

$659,999

New
21d
DetachedBungalow-Raised

29 Southland Drive, London South

Total Monthly Obligation $3,434

Beds
5
Baths
2
Park
4
Sqft
700-1100
DOM
21d
Score
19
Yield
5.1%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X13857140
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-75 × 106.27 ft
Listed on site-Oct 2, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$4,761 (2026)
Parking-5 - Attached
Basement-Walk-Up, Full, Finished
Heating-Forced Air (Gas)
Brokerage-THRIVE REALTY GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-South V
Title-Residential Freehold

No agent assigned

Welcome to this beautifully maintained and thoughtfully updated 4-bedroom bungalow in desirable Lambeth, offering the perfect combination of small-town charm, modern updates and convenient access to London. This move-in-ready home features new windows (2026), new quartz kitchen countertops, a fully renovated main bathroom and a newly insulated attic. The inviting kitchen overlooks the backyard and its mature trees, creating a warm and welcoming space for everyday living. The fully finished lower level offers a fourth bedroom, spacious additional living space and a separate walk-up to the attached garage, providing flexibility for a growing family, guests, a home office, gym or potential in-law living. Situated on a large, mature lot in a welcoming Lambeth neighbourhood, the home offers plenty of outdoor space while being just minutes from Highways 401 and 402, Green Hills Golf Club, parks, schools, shopping, restaurants and all that London has to offer. Thoughtfully updated, move-in ready and offering versatile living space in a sought-after Lambeth location, this is a home you'll want to see.

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

Closing Costs

Mortgage Amount
$527,999
Land Transfer Taxes$9,675
Legal Fees (Est.)
$
Total cash required for closing$143,175

Total Monthly Obligation

$3,434/mo
Mortgage $2,662
Monthly Loss $2,733
Principal$701
Interest$1,962
Property Tax$397
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.7%1
5-Year IRR
9.6%33
10-Year IRR
10.3%
Returns Index
17.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$33,612/yr
NOI
$20,990/yr
Net Cash Flow
-$913/mo
Cash Margin
-32.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.2/ 100

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

Comparables

Properties near 29 Southland Drive

Time

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