578 McGarrell Place 11, London North

$697,000
578 McGarrell Place 11

$697,000

New
8d
Detached CondoBungalow

578 McGarrell Place 11, London North

Total Monthly Obligation $4,068

Beds
3
Baths
3
Park
2
Sqft
1400-1599
DOM
8d
Score
16
Yield
4.4%
Cash on Cash
-10.3%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.3%
Property Type-Detached Condo
MLS® Number-X14081392
Beds-3
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached Condo
Age-16-30
Taxes-$5,597 (2026)
Maintenance-$590/mo
Locker-None
Parking-4 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS LIFESTYLES
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-North R
Title-Residential Condo & Other

No agent assigned

You can enjoy all of North London's conveniences in this luxurious detached condo in the highly sought after Ravines of Sunningdale. Arriving at this former model home, the warm exterior and curb appeal will call you inside, but you will be tempted to sit and enjoy the views and fresh air from your charming front porch first. Once inside, the foyer and front hallway greet you with impressive 9 foot ceilings, wide hallways and decorative columns. Extensive maple hardwood floors and cabinets reflect the quality and craftsmanship on display throughout the unit. Entertaining for any occasion is taken to the next level with the formal dining room, bright great room with a gas fireplace and the stylish gourmet kitchen complete with an island. The main floor balcony with a retractable canopy at the push of a button is absolutely perfect for enjoying in rain or shine. The remarkable main floor primary bedroom begins with a foyer of its own. Straight ahead is your walk-in closet. Turn right for the open bedroom with large window looking down on the ravine. Across from the bedroom is a spa-like en-suite fitted with a soaker tub, walk-in shower and a separate water closet. Head down the stairs and discover the bright finished lower level with a full walkout, large bedroom and full 4-piece bathroom. Downstairs cold storage room, double car garage, lots of additional space, central vac and more!!! Come and discover luxury, convenience and quality in North London.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$557,600
Land Transfer Taxes$10,415
Legal Fees (Est.)
$
Total cash required for closing$151,315

Total Monthly Obligation

$4,068/mo
Mortgage $2,812
Monthly Loss $3,328
Principal$740
Interest$2,072
Property Tax$466
Condo Fees$590
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.1%0
5-Year IRR
4.7%10
10-Year IRR
6.7%
Returns Index
6.4/ 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
$30,768/yr
NOI
$12,614/yr
Net Cash Flow
-$1,760/mo
Cash Margin
-68.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.373
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
19.7/ 100

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

Comparables

Properties near 578 McGarrell Place 11

Time

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