1811 Sandy Somerville Lane, London South

$1,175,000
1811 Sandy Somerville Lane

$1,175,000

New
8d
DetachedBungalow

1811 Sandy Somerville Lane, London South

Total Monthly Obligation $5,662

Beds
3
Baths
3
Park
4
Sqft
1500-2000
DOM
8d
Score
14
Yield
2.8%
Cash on Cash
-11.7%
Cap Rate
2.1%
5Y IRR
6.5%
10Y IRR
7.5%
Property Type-Detached
MLS® Number-X14082018
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-57 × 120 ft
Listed on site-Oct 15, 2026
Style-Bungalow
Building Type-Detached
Age-16-30
Taxes-$6,571 (2025)
Parking-6 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 FIRST CANADIAN CORP
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Living Room, Natural Gas
Pool-Community
Facing-North
Exterior-Brick, Stone
Roof-Shingles
Foundation-Poured Concrete
Sewer-Sewer
Possession-60-89 days
Neighbourhood-South A
Title-Residential Freehold

No agent assigned

Welcome to carefree adult lifestyle living at RiverBend Golf Community, London's premier gated community featuring 24-hour concierge service and over 475 bungalows centered around a championship, Audubon Society-certified golf course.This magnificent, Crown-built bungalow offers 1,900+ sq. ft. of main-floor living space, plus an additional 300 sq. ft. finished on the lower level. What makes this home truly special is its exceptional setting. Situated between the 15th hole out front and the 16th hole at the back, with the protected Kains Forest directly across the street and no neighbors to the left, this property offers a rare sense of expansive countryside living surrounded by pristine nature.Key highlights include: Outdoor Living: Enjoy two distinct outdoor sitting areas, including a covered patio with exceptional privacy and a front porch perfect for morning coffee while watching local forest wildlife.Main Floor: A spectacular great room with a large stone gas fireplace, a custom kitchen featuring a large island and granite counter tops, a formal dining room, three bedrooms, two full bathrooms, and extensive crown molding.Lower Level: A cozy family room with a gas fireplace, a half bath, and substantial unfinished space ideal for future expansion or storage.Recent Updates: Furnace (2025), central air (2017), and 40-year shingles (2017). Residents enjoy full access to the 28,000 sq. ft. Clubhouse, featuring a restaurant, bar, veranda with sweeping course views, a heated indoor pool, exercise facilities, and over 20 active social clubs. Fees Land Lease: $879.02/month (increases by $50 at closing) Maintenance Fee: $646.92/month (covers 24/7 concierge service, lawn maintenance, snow removal, and full Clubhouse privileges) Come experience this unique blend of luxury, community, and scenic tranquility.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$940,000
Land Transfer Taxes$19,975
Legal Fees (Est.)
$
Total cash required for closing$256,475

Total Monthly Obligation

$5,662/mo
Mortgage $4,740
Monthly Loss $4,415
Principal$1,247
Interest$3,492
Property Tax$548
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.0%0
5-Year IRR
3.9%8
10-Year IRR
5.9%
Returns Index
5.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$33,480/yr
NOI
$19,061/yr
Net Cash Flow
-$3,151/mo
Cash Margin
-112.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.343
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.7/ 100

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

Comparables

Properties near 1811 Sandy Somerville Lane

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