7 Picton Street 501, London East

$322,700
7 Picton Street 501

$322,700

New
8d
Condo ApartmentApartment

7 Picton Street 501, London East

Total Monthly Obligation $2,809

Beds
2
Baths
2
Park
1
Sqft
1400-1599
DOM
8d
Score
22
Yield
10.2%
Cash on Cash
1.2%
Cap Rate
4.8%
5Y IRR
16.5%
10Y IRR
15.4%
Property Type-Condo Apartment
MLS® Number-X14082608
Beds-2
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$3,747.83 (2026)
Maintenance-$995.12/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-BLUE FOREST REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Foundation-Poured Concrete
Possession-Immediate
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

Beautifully updated, south-west-facing corner unit in one of downtown's most desirable locations! Just steps to Victoria Park, City Hall & Richmond Row to enjoy the restaurants, bars and all the city has to offer. This condo offers 1,429 sq. ft. of luxury living space with breathtaking views and sunsets right from your living room. Featuring 2 spacious bedrooms, 2 full bathrooms, and a large living room with 2 bay windows that will be the heart of the home. This meticulously maintained unit is truly one-of-a-kind. Primary bedroom with walk-in closet and new ensuite (2024). Good size second bedroom ideal for guests or roommates with its own renovated bathroom (2024). Located in a prestigious downtown building, this rare opportunity combines luxury, lifestyle, and location all in one. Enjoy your access to exclusive rooftop patio with panoramic views, indoor swimming pool and hot tub, fitness centre, sauna, party room and convenient underground parking all covered with condo fees including water. A move-in ready unit offering style, space, and unbeatable downtown convenience. Close to all amenities including: Canada Life Place, Covent Garden Market, GrandTheatre, medical, banking, London Central Secondary School, public transit, Thames River trails and much more. A great opportunity to live in the heart of it all.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$258,160
Land Transfer Taxes$3,316
Legal Fees (Est.)
$
Total cash required for closing$69,356

Total Monthly Obligation

$2,809/mo
Mortgage $1,302
Monthly Loss $2,467
Principal$343
Interest$959
Property Tax$312
Condo Fees$995
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.9%2
5-Year IRR
11.6%47
10-Year IRR
12.4%
Returns Index
24.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$32,880/yr
NOI
$11,503/yr
Net Cash Flow
-$343/mo
Cash Margin
-12.5%0
Cash Flow Index
0.4/ 100
Risk Profile
Weight: 20%
DSCR
0.7411
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
29.1/ 100

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

Comparables

Properties near 7 Picton Street 501

Time

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