270 North Centre Road 5, London North

$525,000
270 North Centre Road 5

$525,000

New
17d
Condo TownhouseBungalow

270 North Centre Road 5, London North

Total Monthly Obligation $3,061

Bed+Den
3+1
Baths
2
Park
1
Sqft
1200-1399
DOM
17d
Score
19
Yield
5.5%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Condo Townhouse
MLS® Number-X13866834
Bed+Den-3+1
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-16-30
Taxes-$4,258 (2025)
Maintenance-$388/mo
Locker-None
Parking-2 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Living Room, Natural Gas
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-45-60
Neighbourhood-North R
Title-Residential Condo & Other

No agent assigned

Beautiful one-floor condo townhome with finished walk-out lower level in a quiet hillside community on the north edge of the Masonville shopping district, a short walk from markets, grocery, restaurants, public transit and Masonville Mall. This well managed condo community, with very reasonable condo fees, is a hidden gem tucked away just off Richmond Street and Fanshawe Park Road and is convenient to all north London amenities including University Hospital and Western University. This bright and spacious 2+1 Bedroom townhome has premium features including extra high 10 foot ceilings in the main living area, gas fireplace in the living room and hardwood and tile flooring throughout the main floor. Kitchen has granite counters, updated hardware, eat-in dining area with door to private rear deck and views of the treed rear yard. Primary bedroom suite includes walk-in closet and 3 piece ensuite bathroom with new vanity (26). Second bedroom also has high ceilings and view of the rear yard. Main bathroom was also updated in 2018. Lower-level rec room has glass doors to the rear patio. Study or 3rd bedroom completes the lower-level finishes. Plenty of storage and room for additional living space including bathroom rough-in. Other updates include new furnace (20), washer, dryer and Fridge (17). Centrally located within the condo community, this one is worth a look.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$3,061/mo
Mortgage $2,118
Monthly Loss $2,503
Principal$557
Interest$1,560
Property Tax$355
Condo Fees$388
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.3%25
10-Year IRR
9.4%
Returns Index
13.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$28,956/yr
NOI
$14,746/yr
Net Cash Flow
-$889/mo
Cash Margin
-36.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
25.8/ 100

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

Comparables

Properties near 270 North Centre Road 5

Time

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