94 Nicholas Crescent, London South

$563,500
94 Nicholas Crescent

$563,500

Price Change
18d
DetachedBacksplit 4

94 Nicholas Crescent, London South

Total Monthly Obligation $2,949

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
18d
Score
21
Yield
5.4%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X13868394
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-45.12 × 108.37 ft
Listed on site-Oct 5, 2026
Style-Backsplit 4
Building Type-Detached
Age-51-99
Taxes-$3,609.66 (2025)
Parking-3 - None
Basement-Full, Partially Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-59 days
Neighbourhood-South X
Title-Residential Freehold

No agent assigned

Welcome to 94 Nicholas Crescent, a wonderful 3-bedroom, 4-level back split in a quiet crescent location, backing onto mature trees and permanent green space with walking trails. Move-in ready and perfect for a growing family. The spacious living room features an upgraded bay window, while the updated kitchen offers newer appliances, deep pan drawers, pull-outs, and a unique main-floor pantry and laundry combo. Upstairs are three good-sized bedrooms and a 4-piece bath with a Jacuzzi tub. The lower level provides a flexible family room and exercise area. Enjoy the attached 3-season sunroom with skylights and beautiful views, featuring a convenient lower-level walkout for easy access. Over the years, updates have included new carpeting and flooring throughout, a newer furnace and air conditioning system, R-60 insulation topped up in both flat attic spaces, an LG Wash Tower laundry system, and newly installed top shop countertops. An energy assessment has also been completed for the Greener Homes rebate program. On warm summer days, enjoy a barbecue on the large outdoor patio overlooking the beautifully landscaped backyard. The concrete double driveway provides plenty of parking. This home has it all: a quiet location just minutes from schools, shopping, the library, community centre and pool, parks and trails, with easy access to Highway 401. A great home in a great location!

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

Closing Costs

Mortgage Amount
$450,800
Land Transfer Taxes$7,745
Legal Fees (Est.)
$
Total cash required for closing$121,945

Total Monthly Obligation

$2,949/mo
Mortgage $2,273
Monthly Loss $2,351
Principal$598
Interest$1,675
Property Tax$301
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%21
Cash-on-Cash
-6.7%2
5-Year IRR
10.4%38
10-Year IRR
10.9%
Returns Index
20.1/ 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
$30,276/yr
NOI
$19,139/yr
Net Cash Flow
-$678/mo
Cash Margin
-26.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7010
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
27.8/ 100

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

Comparables

Properties near 94 Nicholas Crescent

Time

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