2617 Buroak Drive, London North

$839,900
2617 Buroak Drive

$839,900

New
16d
Detached2-Storey

2617 Buroak Drive, London North

Total Monthly Obligation $4,326

HausQ Valuation Report
Beds
4
Baths
3
Park
2
Sqft
2000-2500
DOM
16d
Score
16
Yield
4.2%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.1%
10Y IRR
10.3%
Property Type-Detached
MLS® Number-X13874698
Beds-4
Bathrooms-3
Size-2000-2500 sqft
Lot Size-40.77 × 107 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Taxes-$6,756 (2025)
Parking-4 - Attached
Basement-Separate Entrance, Unfinished
Heating-Forced Air (Gas)
Brokerage-NU-VISTA PINNACLE REALTY BROKERAGE INC
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick Front, Stucco (Plaster)
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible closing after November 30, 2026
Neighbourhood-North S
Title-Residential Freehold

No agent assigned

Built in 2022, this detached two-storey home offers 2,404 sq. ft. above grade, four bedrooms and three bathrooms in London North. The main floor includes a great room, kitchen and dining area. Upstairs, the primary bedroom has a walk-in closet and five-piece ensuite, with three additional bedrooms and a loft. The unfinished basement has a separate entrance. Attached two-car garage and parking for four vehicles in total. Fridge, stove, dishwasher, washer and dryer included. Flexible closing after November 30, 2026.

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

Closing Costs

Mortgage Amount
$671,920
Land Transfer Taxes$13,273
Legal Fees (Est.)
$
Total cash required for closing$182,753

Total Monthly Obligation

$4,326/mo
Mortgage $3,388
Monthly Loss $3,434
Principal$892
Interest$2,496
Property Tax$563
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%0
5-Year IRR
6.8%17
10-Year IRR
8.2%
Returns Index
10.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$35,160/yr
NOI
$20,388/yr
Net Cash Flow
-$1,689/mo
Cash Margin
-57.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.4/ 100

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

Comparables

Properties near 2617 Buroak Drive

Time

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