1600 Adelaide Street N 605, London North

$239,900
1600 Adelaide Street N 605

$239,900

New
18d
Condo Apartment1 Storey/Apt

1600 Adelaide Street N 605, London North

Total Monthly Obligation $1,752

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
700-799
DOM
18d
Score
22
Yield
7.7%
Cash on Cash
-1.2%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.9%
Property Type-Condo Apartment
MLS® Number-X13860918
Beds-1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 5, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$1,727 (2025)
Maintenance-$440/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Heat Pump (Electric)
Brokerage-SUTTON GROUP PREFERRED REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Concrete
Roof-Flat
Possession-OTHER
Neighbourhood-North C
Title-Residential Condo & Other

No agent assigned

Welcome to 605-1600 Adelaide St N, an extensively updated one bedroom condominium apartment in desirable London North, overlooking treed area with a creek. Updated laminate flooring extends through the spacious living room featuring an electric fireplace. Large east facing windows welcome the morning sun into the dining area and sitting room - meaning an efficient energy saving location. The heat-pump distribution system was reconfigured to save on energy costs. The galley kitchen was updated 10 years ago with refaced cabinets, new countertop, refrigerator / freezer, self-cleaning oven, and ceramic tile flooring from entry door through the dining area. A new dishwasher and faucet were added in 2025. Comfortably sized bedroom is carpeted and has a built-in closet organizer. 4-piece bathroom has new Bath Fitter tub (2025) with glass door and walls are tiled to the ceiling. The entire interior was painted in early 2025. In-suite laundry/storage room is equipped with built-in organizers to maximize the storage space. Owned water heater was installed 2 years ago along with the stackable washer/dryer. The dishwasher and over the stove microwave are 2 years old. Window shears and all existing appliances are included. Some images have been virtually staged.

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

Mortgage Amount
$191,920
Land Transfer Taxes$2,124
Legal Fees (Est.)
$
Total cash required for closing$51,604

Total Monthly Obligation

$1,752/mo
Mortgage $968
Monthly Loss $1,497
Principal$255
Interest$713
Property Tax$144
Condo Fees$440
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.4%1
5-Year IRR
9.5%32
10-Year IRR
10.5%
Returns Index
16.8/ 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
$18,552/yr
NOI
$7,290/yr
Net Cash Flow
-$360/mo
Cash Margin
-23.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
5.5 mo88
Risk Index
37.9/ 100

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

Comparables

Properties near 1600 Adelaide Street N 605

Time

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