320 Westminister Avenue 16, London South

$299,000
320 Westminister Avenue 16

$299,000

New
8d
Condo Townhouse2-Storey

320 Westminister Avenue 16, London South

Total Monthly Obligation $1,974

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
8d
Score
32
Yield
9.0%
Cash on Cash
7.9%
Cap Rate
6.3%
5Y IRR
21.9%
10Y IRR
19.9%
Property Type-Condo Townhouse
MLS® Number-X14084610
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 15, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,129 (2025)
Maintenance-$390/mo
Locker-None
Parking-1 - None
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick, Vinyl Siding
Possession-Flexible
Neighbourhood-South H
Title-Residential Condo & Other

No agent assigned

An excellent opportunity for first-time home buyers! This 3-bedroom, 2-bathroom condo townhouse offers plenty of potential for buyers looking to enter the market and make a home their own. The finished walkout basement, raised deck and fenced yard provides extra space both inside and out, provides additional living space. With some updating and a little TLC, this property is a great opportunity to personalize your space and create a home that suits your style.

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

Closing Costs

Mortgage Amount
$239,200
Land Transfer Taxes$2,960
Legal Fees (Est.)
$
Total cash required for closing$64,260

Total Monthly Obligation

$1,974/mo
Mortgage $1,206
Monthly Loss $1,656
Principal$317
Interest$889
Property Tax$177
Condo Fees$390
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.0%38
Cash-on-Cash
0.9%9
5-Year IRR
16.7%80
10-Year IRR
16.2%
Returns Index
43.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
32/ 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
$26,988/yr
NOI
$15,080/yr
Net Cash Flow
$51/mo
Cash Margin
2.2%7
Cash Flow Index
7.2/ 100
Risk Profile
Weight: 20%
DSCR
1.0430
LTV Ratio
80.0%18
Vacancy Buffer
4.8 mo81
Risk Index
43.1/ 100

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

Comparables

Properties near 320 Westminister Avenue 16

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.