1426 Mickleborough Drive, London North

$699,900
1426 Mickleborough Drive

$699,900

New
17d
Detached2-Storey

1426 Mickleborough Drive, London North

Total Monthly Obligation $3,592

HausQ Valuation Report
Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
17d
Score
18
Yield
4.7%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Detached
MLS® Number-X13865982
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-33.37 × 108.27 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$4,727 (2025)
Parking-4 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Vinyl Siding
Roof-Metal
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-North I
Title-Residential Freehold

No agent assigned

Welcome to 1426 Mickleborough Drive, an extraordinary 3-bedroom, 2.5-bathroom family home offering 1,790 sq. ft. of exceptionally functional above-grade space in London's highly desirable White Hills neighborhood. Built in 2007, this 2-storey residence features a rare, highly versatile floor plan boasting dual family spaces: an inviting main-floor living room situated right off the kitchen for effortless daily connection, plus a massive second-floor family room perfect for movie nights, a children's play haven, or a dedicated home office. Beyond its unique and functional spatial layout, this home delivers complete peace of mind with impressive, major infrastructure upgrades. Within the past 2 years the following has been replaced: high-efficiency furnace and central air conditioning, a durable metal roof and the outside deck. Within the past year a tankless on-demand water heater was installed and a reliable sump pump system equipped with a battery backup. Complete with an attached 2-car garage and priced for exceptional value, this move-in-ready property packs incredible functionality, mechanical reliability, and practical comfort into one complete package close to top-rated schools, scenic parks, and everyday amenities!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,592/mo
Mortgage $2,823
Monthly Loss $2,849
Principal$743
Interest$2,080
Property Tax$394
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.4%25
10-Year IRR
9.4%
Returns Index
14.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$32,556/yr
NOI
$20,073/yr
Net Cash Flow
-$1,150/mo
Cash Margin
-42.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.9/ 100

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

Comparables

Properties near 1426 Mickleborough Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.