61 Glenwood Street, St. Thomas

$639,000
61 Glenwood Street

$639,000

New
8d
Detached2-Storey

61 Glenwood Street, St. Thomas

Total Monthly Obligation $2,953

Beds
3
Baths
3
Park
2
Sqft
1500-2000
DOM
8d
Score
25
Yield
5.7%
Cash on Cash
3.2%
Cap Rate
5.3%
5Y IRR
18.1%
10Y IRR
16.7%
Property Type-Detached
MLS® Number-X14084378
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-49.2 × 119.8 ft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Detached
Age-New
Parking-2 - Attached
Basement-Unfinished
Heating-Forced Air (Gas)
Brokerage-COMFREE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-St. Thomas
Title-Residential Freehold

No agent assigned

This brand-new 1,534.4 sq. ft. home offers 3 bedrooms and 2.5 bathrooms, with a spacious and inviting open-concept main floor designed for comfortable everyday living and entertaining. The staircase is conveniently located at the front of the home, creating a welcoming entryway and functional layout. The kitchen features quartz countertops, under-cabinet lighting, and plenty of space for meal preparation and gathering. Quartz in baths and luxury vinyl plank flooring runs throughout the entire main floor, providing a stylish and durable finish. Upstairs, the primary bedroom offers a walk-in closet and private ensuite, while the convenient second-floor laundry adds functionality to the busy family routine. Two additional bedrooms and a full bathroom complete the upper level. The home also includes a double-car garage with garage door openers and an unfinished basement, offering a blank canvas for the future homeowner to customize and finish according to their needs. Situated on a generous 49'2" x 119'9" lot, the property backs onto beautiful green space and a park, providing an enjoyable outdoor setting with additional privacy. The lot is also located on a school bus route, with both an elementary school and high school within less than a kilometre. Enjoy the convenience of being just a short drive to both London and Port Stanley, making this an ideal location for families and commuters alike. This home is currently under construction and offers the opportunity to purchase a brand-new home in a desirable setting. Sod and asphalt driveway included.

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

Closing Costs

Mortgage Amount
$511,200
Land Transfer Taxes$9,255
Legal Fees (Est.)
$
Total cash required for closing$138,555

Total Monthly Obligation

$2,953/mo
Mortgage $2,578
Monthly Loss $2,274
Principal$678
Interest$1,899
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.4%31
Cash-on-Cash
-2.0%5
5-Year IRR
14.0%64
10-Year IRR
13.7%
Returns Index
33.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 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
$36,300/yr
NOI
$28,170/yr
Net Cash Flow
-$230/mo
Cash Margin
-7.6%1
Cash Flow Index
1.1/ 100
Risk Profile
Weight: 20%
DSCR
0.9120
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
31.0/ 100

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

Comparables

Properties near 61 Glenwood Street

Time

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