109 McMaster Drive E, London South

$459,900
109 McMaster Drive E

$459,900

New
20d
Condo Townhouse2-Storey

109 McMaster Drive E, London South

Total Monthly Obligation $2,677

Beds
3
Baths
3
Park
1
Sqft
1600-1799
DOM
20d
Score
23
Yield
6.7%
Cash on Cash
0.8%
Cap Rate
4.8%
5Y IRR
16.2%
10Y IRR
15.2%
Property Type-Condo Townhouse
MLS® Number-X13858112
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 3, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,212 (2026)
Maintenance-$354/mo
Locker-None
Parking-2 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-OLIVER & ASSOCIATES TRUDY & IAN BUSTARD REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Exterior-Vinyl Siding
Foundation-Concrete
Possession-1-29 days
Neighbourhood-South M
Title-Residential Condo & Other

No agent assigned

Welcome to this one of a kind END unit located in desirable Westmount! This 3 bedroom 3 bathroom town home has been meticulously maintained and has tasteful updates throughout. Freshly painted bedrooms, hallway baseboard, railing and kitchen. Upgrades in 2024; new windows and most flooring; new high end stainless steel appliances including stainless steel induction stove, fridge with ice and inside door water pitcher, stacked washer and dryer.When you first walk in the front door you're greeted with a warm living room with large windows that pour in natural light all day long. The kitchen and dining area provide lots of room for hosting and entertaining guests currently used as an home office. The patio door leads to a private fully fenced patio area to enjoy in the summer months. Upstairs has 3 oversized bedrooms with plenty of closet space, and an abundance of windows throughout. The bonus lower level offers an additional family room, laundry and full three piece bathroom. Gorgeous Sectional from Ashley Furniture purchased in 2024 $5000. will stay. Astro turf in yard, no grass to cut!

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$
%
%
$
$
$
(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

$2,677/mo
Mortgage $1,855
Monthly Loss $2,189
Principal$488
Interest$1,367
Property Tax$268
Condo Fees$354
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.9%26
Cash-on-Cash
-4.4%3
5-Year IRR
12.3%52
10-Year IRR
12.5%
Returns Index
27.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$30,900/yr
NOI
$17,950/yr
Net Cash Flow
-$359/mo
Cash Margin
-14.0%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8114
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
31.3/ 100

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

Comparables

Properties near 109 McMaster Drive E

Time

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