510 Blackwater Place, London North

$589,900
510 Blackwater Place

$589,900

New
9d
Detached2-Storey

510 Blackwater Place, London North

Total Monthly Obligation $3,113

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
9d
Score
21
Yield
5.5%
Cash on Cash
-1.0%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Detached
MLS® Number-X14032698
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-24.34 × 138.45 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$4,308 (2025)
Parking-3 - Attached
Basement-Unfinished, Full
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS LIFESTYLES
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-North C
Title-Residential Freehold

No agent assigned

Welcome to 510 Blackwater Place... A beautiful 2-storey home tucked away on a quiet cul-de-sac in desirable North London! Nestled in a family-friendly neighbourhood with no busy through traffic, this home offers the perfect setting for families looking for comfort, privacy, and room to grow. As you step inside, you'll be greeted by a bright and inviting main floor featuring a spacious living room filled with tons of natural light, an eat-in kitchen perfect for everyday living, and convenient access to the backyard right off the living space! Completing the main level is a handy 2-piece bathroom, perfect for guests. As you make your way upstairs, you'll find 3 generously sized bedrooms, a 4-piece bathroom conveniently located amongst the bedrooms, and a bonus den offering endless possibilities! Whether you're looking for a separate family room, kids' play area, or dedicated home office, this versatile space is ready to suit your needs. The possibilities continue in the lower level, where the basement is a blank canvas awaiting your personal touch! With plenty of space to create your dream rec room, home gym, or hobby area, the potential is endless. You'll also appreciate the large laundry/utility room complete with a new furnace and A/C (2024), and tons of additional storage. Now let's talk about the backyard... Step outside to your fenced and beautifully landscaped yard featuring a spacious deck and, best of all, NO REAR NEIGHBOURS! Enjoy summer barbecues, entertain family and friends, or simply relax in your own private outdoor retreat. Combining a peaceful cul-de-sac location, functional living space, and endless potential, this North London home is one you won't want to miss! Don't delay, book your showing today!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$471,920
Land Transfer Taxes$8,273
Legal Fees (Est.)
$
Total cash required for closing$127,753

Total Monthly Obligation

$3,113/mo
Mortgage $2,379
Monthly Loss $2,487
Principal$626
Interest$1,753
Property Tax$359
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.6%40
10-Year IRR
11.1%
Returns Index
21.0/ 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
$32,532/yr
NOI
$20,471/yr
Net Cash Flow
-$674/mo
Cash Margin
-24.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo52
Risk Index
26.8/ 100

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

Comparables

Properties near 510 Blackwater Place

Time

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