61 Wistow Street, London East

$507,500
61 Wistow Street

$507,500

New
17d
DetachedBungalow

61 Wistow Street, London East

Total Monthly Obligation $2,801

Beds
5
Baths
2
Park
4
Sqft
700-1100
DOM
17d
Score
23
Yield
6.4%
Cash on Cash
2.0%
Cap Rate
5.0%
5Y IRR
17.2%
10Y IRR
15.9%
Property Type-Detached
MLS® Number-X13868442
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-54.33 × 229.68 ft
Listed on site-Oct 6, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,543 (2025)
Parking-4 - None
Basement-Partially Finished, Walk-Up
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-East C
Title-Residential Freehold

No agent assigned

Investor Alert! Brick Bungalow with Separate Lower-Level Entrance on a 54' x 230' Lot. This well-located brick bungalow offers excellent flexibility for investors, first-time buyers, or those looking for additional living space. Situated on a generous 54' x 230' fully fenced, park-like lot. The main level offers three bedrooms, a four-piece bathroom, and a spacious living room and dining area. The lower level includes two additional bedrooms, a three-piece bathroom, and a kitchen/living area, providing potential for a secondary living space or rental arrangement. Located along bus routes providing convenient access to Fanshawe College, Western University, and Downtown London, with a playground and schools directly nearby at Flanders Park. The property is also close to shopping, amenities, and Highway 401 access. With its large lot, separate lower-level access, and proximity to major educational institutions and amenities, this property offers a variety of possibilities - whether you're looking to live in the home, create a multi-generational setup, or explore its potential as an investment property. **Property is being sold in "as is, where is" condition with no representations or warranties by the Seller.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$406,000
Land Transfer Taxes$6,625
Legal Fees (Est.)
$
Total cash required for closing$109,625

Total Monthly Obligation

$2,801/mo
Mortgage $2,047
Monthly Loss $2,262
Principal$539
Interest$1,508
Property Tax$379
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-4.0%3
5-Year IRR
12.6%54
10-Year IRR
12.7%
Returns Index
28.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$32,496/yr
NOI
$20,203/yr
Net Cash Flow
-$363/mo
Cash Margin
-13.4%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.8215
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
30.5/ 100

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

Comparables

Properties near 61 Wistow Street

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.