353 Commissioners Road W 711, London South

$349,900
353 Commissioners Road W 711

$349,900

New
8d
Condo ApartmentApartment

353 Commissioners Road W 711, London South

Total Monthly Obligation $2,225

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
800-899
DOM
8d
Score
21
Yield
6.5%
Cash on Cash
-2.4%
Cap Rate
4.1%
5Y IRR
13.7%
10Y IRR
13.1%
Property Type-Condo Apartment
MLS® Number-X14081094
Beds-1
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,867 (2026)
Maintenance-$374.68/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60-89
Neighbourhood-South D
Title-Residential Condo & Other

No agent assigned

You won't be disappointed.... this condo shows like a model home! South facing condo is very bright and cheery with lots of light!!! Upon entering this unit, there is a den with glass doors which can be used as an office/sitting room. Lovely kitchen with updated fridge, stove, dishwasher, and microwave (new in '24). The kitchen with breakfast bar for three overlooks the great room with gas fireplace (note new window coverings on patio door plus new A/C unit on the patio... all new in '24) The primary bedroom, also, faces south and is very bright. The condo features in suite laundry with new stackable washer/dryer ('24) leaving room for extra storage! The low condo fee of $374.68 includes hot/cold water, heating and air conditioning. The owner only pays hydro with is approx. $60/month. There is one underground parking spot (122) included as well as plenty of visitor parking. The amenities, also, include guest suite, exercise room, games/party room with library and pool table. Great location close to shopping, schools, church, and hospital... A must view!

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

Closing Costs

Mortgage Amount
$279,920
Land Transfer Taxes$3,724
Legal Fees (Est.)
$
Total cash required for closing$75,204

Total Monthly Obligation

$2,225/mo
Mortgage $1,411
Monthly Loss $1,854
Principal$371
Interest$1,040
Property Tax$239
Condo Fees$375
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.5%32
10-Year IRR
10.4%
Returns Index
17.0/ 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
$22,896/yr
NOI
$10,843/yr
Net Cash Flow
-$508/mo
Cash Margin
-26.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
4.3 mo74
Risk Index
33.4/ 100

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

Comparables

Properties near 353 Commissioners Road W 711

Time

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