521 Riverside Drive 715, London North

$359,000
521 Riverside Drive 715

$359,000

New
16d
Condo Apartment1 Storey/Apt

521 Riverside Drive 715, London North

Total Monthly Obligation $2,470

HausQ Valuation Report
Beds
2
Baths
1
Park
1
Sqft
1000-1199
DOM
16d
Score
20
Yield
7.0%
Cash on Cash
-3.2%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.6%
Property Type-Condo Apartment
MLS® Number-X13872306
Beds-2
Bathrooms-1
Size-1000-1199 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$2,665 (2026)
Maintenance-$600/mo
Locker-None
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-30-59 days
Neighbourhood-North P
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully renovated penthouse at 521 Riverside Drive, Unit 715. This bright and exceptionally well-maintained 2-bedroom, 1-bathroom unit has been thoughtfully updated and converted to a desirable open-concept layout, creating a spacious and inviting living environment. Enjoy the convenience and privacy of penthouse living with a clean, modern feel throughout. Lovingly cared for by the same owner since 1995, this home has been meticulously maintained and is truly move-in ready. A great opportunity for those looking for a renovated, low-maintenance home in a well-established London building.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$287,200
Land Transfer Taxes$3,860
Legal Fees (Est.)
$
Total cash required for closing$77,160

Total Monthly Obligation

$2,470/mo
Mortgage $1,448
Monthly Loss $2,089
Principal$381
Interest$1,067
Property Tax$222
Condo Fees$600
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.9%28
10-Year IRR
10.0%
Returns Index
15.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$25,236/yr
NOI
$10,447/yr
Net Cash Flow
-$577/mo
Cash Margin
-27.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
30.7/ 100

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

Comparables

Properties near 521 Riverside Drive 715

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.