563 Ontario Street, London East

$389,900
563 Ontario Street

$389,900

New
18d
DetachedBungalow

563 Ontario Street, London East

Total Monthly Obligation $2,153

Beds
3
Baths
1
Park
3
Sqft
700-1100
DOM
18d
Score
26
Yield
6.7%
Cash on Cash
4.3%
Cap Rate
5.5%
5Y IRR
19.0%
10Y IRR
17.4%
Property Type-Detached
MLS® Number-X13866878
Beds-3
Bathrooms-1
Size-700-1100 sqft
Lot Size-40 × 108 ft
Listed on site-Oct 5, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,464 (2025)
Parking-3 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-No
Fireplace-Living Room
Pool-None
Facing-West
Exterior-Shingle
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East G
Title-Residential Freehold

No agent assigned

Attention first-time buyers and those wishing to downsize while enjoying living near the heart of the city. This property sits on a cute street that is near completion of new roads and sidewalks that will add to the curb appeal of this charming 3-bed bungalow. Come step onto the front covered porch and inside to a warm and welcoming entryway, bright sun-filled rooms with large updated windows, high ceilings and a cozy gas fireplace. Three comfortable bedrooms and a generously sized full bathroom with double sinks provide for this easy-living layout. The spacious master bedroom comes equipped with a walk-in closet and enough room to add a future ensuite bathroom. There's more development potential in the full, unfinished basement. Out back you'll find a deep, treed lot offering space for play, extra fencing for kids or pets, and 2 sheds. Enjoy summer evenings under the covered back deck and morning coffee on the front porch; and take advantage of the garden space that's ready for your green thumb. Walk to cafés, restaurants, craft breweries, galleries, farmer's market, and city trails. Updates include: New furnace (2026), Central Air (2018), Windows (2019), Upgraded Insulation (2026), Dishwasher(2023) & Fridge (2025).

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

Closing Costs

Mortgage Amount
$311,920
Land Transfer Taxes$4,324
Legal Fees (Est.)
$
Total cash required for closing$83,804

Total Monthly Obligation

$2,153/mo
Mortgage $1,573
Monthly Loss $1,739
Principal$414
Interest$1,159
Property Tax$205
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.3%30
Cash-on-Cash
-2.7%4
5-Year IRR
13.6%62
10-Year IRR
13.5%
Returns Index
32.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
26/ 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
$26,196/yr
NOI
$16,612/yr
Net Cash Flow
-$188/mo
Cash Margin
-8.6%1
Cash Flow Index
0.9/ 100
Risk Profile
Weight: 20%
DSCR
0.8819
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo76
Risk Index
37.5/ 100

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

Comparables

Properties near 563 Ontario Street

Time

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