861 Shelborne Street 6, London South

$499,900
861 Shelborne Street 6

$499,900

Price Change
18d
Condo TownhouseBungalow

861 Shelborne Street 6, London South

Total Monthly Obligation $2,885

Beds
2
Baths
3
Park
2
Sqft
1200-1399
DOM
18d
Score
20
Yield
5.9%
Cash on Cash
-2.8%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Condo Townhouse
MLS® Number-X13864298
Beds-2
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-31-50
Taxes-$3,638 (2025)
Maintenance-$365/mo
Locker-None
Parking-4 - Attached
Basement-Full, Finished, Walk-Out
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Possession-ASAP
Neighbourhood-South J
Title-Residential Condo & Other

No agent assigned

Rare find in sought after South River Estates! This beautifully maintained 2-bedroom, 3-bathroom bungalow townhome offers stylish, low maintenance living with the added bonus of a fully finished walkout lower level with patio doors a hard to find feature in the complex.A private courtyard welcomes you into a bright, spacious interior featuring soaring cathedral ceilings, beautiful hardwood flooring less than 2 years old and valued at over $15,000, and a cozy gas fireplace. The generous primary bedroom easily accommodates a king size bed and offers dual closets and a private ensuite. The main bathroom was tastefully updated in 2025 with new tile and flooring and newer Bathfitters tub surround and convenient main-floor laundry makes everyday living effortless. The fully finished walkout lower level provides exceptional additional living space with a huge family room, second gas fireplace, new vinyl flooring, oversized den/office, third full bathroom, ample storage, and patio doors leading directly outside. An ideal layout for entertaining, overnight guests, a home office, or extended family. Additional features include a double-car garage, interlocking brick driveway, and low condo fees covering exterior maintenance, lawn care, and snow removal. Recent improvements include newer roofs and eavestroughs, with bricked driveway. Enjoy the upper deck, great for entertaining. Offering comfort, space, and carefree living in a desirable South London community, this exceptional bungalow townhome is a rare opportunity especially with its sought after walkout lower level.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,885/mo
Mortgage $2,016
Monthly Loss $2,354
Principal$531
Interest$1,486
Property Tax$303
Condo Fees$365
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.8%34
10-Year IRR
10.5%
Returns Index
18.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$29,400/yr
NOI
$16,042/yr
Net Cash Flow
-$680/mo
Cash Margin
-27.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
27.8/ 100

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

Comparables

Properties near 861 Shelborne Street 6

Time

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