3956 MIA Avenue, London South

$599,900
3956 MIA Avenue

$599,900

New
24d
Att/Row/Townhouse2-Storey

3956 MIA Avenue, London South

Total Monthly Obligation $2,795

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
24d
Score
22
Yield
5.1%
Cash on Cash
0.5%
Cap Rate
4.7%
5Y IRR
15.9%
10Y IRR
14.9%
Property Type-Att/Row/Townhouse
MLS® Number-X13858566
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-28.23 × 112.21 ft
Listed on site-Sep 29, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Age-0-5
Parking-2 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP PREFERRED REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding, Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-IMMEDIATE
Neighbourhood-South W
Title-Residential Freehold

No agent assigned

Lexington model this 3 bed, 2.5 bath townhome is an interior unit with open concept main floor living. At the front entry you have a coat closet and a 2 piece guest bath, 2nd floor enclosed laundry room set up for side by side pair. A larger table will fit in the Dinette Kitchen breakfast bar, the Great Room upgraded to include laminate flooring, is bright with 2 windows & a large patio door facing south rear-yard. Upstairs Master, a large walk-in closet and private 3pc bath with a 5' shower. Upstairs hall has good sized linen closet, a 4 pc bath shared between bedrooms 2 & 3 each fairly equal in size with east facing windows. This basement is roughed-in for a future 3 pc bath, & has a large egress window for future development. Utilities, laundry sink, water heater, furnace are all neatly organized in one area close to rough-in. Entry door from the private 10x20' garage into the main floor hall as well a rear man-door to access the backyard breezeway shared for your back-lawn maintenance. Photos are from another mirroring unit. The price is net of the HST rebate. 1833 sq ft.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$2,795/mo
Mortgage $2,420
Monthly Loss $2,158
Principal$637
Interest$1,783
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.7%2
5-Year IRR
11.8%49
10-Year IRR
12.0%
Returns Index
25.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$30,516/yr
NOI
$22,964/yr
Net Cash Flow
-$506/mo
Cash Margin
-19.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
30.1/ 100

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

Comparables

Properties near 3956 MIA Avenue

Time

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