2902 Tokala Trail 47, London North

$575,000
2902 Tokala Trail 47

$575,000

New
17d
Att/Row/Townhouse2-Storey

2902 Tokala Trail 47, London North

Total Monthly Obligation $3,035

Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
17d
Score
21
Yield
5.5%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Att/Row/Townhouse
MLS® Number-X13866822
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-24.02 × 83.37 ft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,090 (2025)
Parking-2 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-North S
Title-Residential Freehold

No agent assigned

Welcome to this well-maintained 3-bedroom, 2.5-bath vacant land townhouse in desirable North London. Built in 2019 and offering approximately 1,555 sq. ft., this bright and inviting home features an open-concept main floor with large windows, hard-surface flooring, new light fixtures, and a walkout to the hardscaped backyard. The kitchen is equipped with quartz countertops, modern cabinetry, stainless steel appliances, a gas stove, newer microwave and range hood (2025), and a spacious custom pantry. Upstairs, the primary bedroom offers a large walk-in closet, a 5-piece ensuite, and added sound insulation for enhanced comfort and privacy. Additional features include a Samsung FlexWash/FlexDry laundry system, central vacuum, humidifier, sump pump and HRV air-exchange system. The unfinished basement provides excellent potential for additional living space or storage. Lawn care and snow removal, including the driveway, are covered by the low condo fee, offering convenient, low-maintenance living. The furnace, central A/C, and roof ( 7 years old). Ideally located close to Hyde Park shopping, Western University, University Hospital, and a wide range of North London amenities.

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

Closing Costs

Mortgage Amount
$460,000
Land Transfer Taxes$7,975
Legal Fees (Est.)
$
Total cash required for closing$124,475

Total Monthly Obligation

$3,035/mo
Mortgage $2,319
Monthly Loss $2,425
Principal$610
Interest$1,709
Property Tax$341
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.3%2
5-Year IRR
10.7%40
10-Year IRR
11.1%
Returns Index
21.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$31,752/yr
NOI
$19,987/yr
Net Cash Flow
-$654/mo
Cash Margin
-24.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
27.3/ 100

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

Comparables

Properties near 2902 Tokala Trail 47

Time

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