340 Sugarcreek Trail 510, London North

$398,000
340 Sugarcreek Trail 510

$398,000

New
7d
Condo ApartmentApartment

340 Sugarcreek Trail 510, London North

Total Monthly Obligation $2,712

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
7d
Score
19
Yield
6.7%
Cash on Cash
-4.7%
Cap Rate
3.6%
5Y IRR
11.8%
10Y IRR
11.7%
Property Type-Condo Apartment
MLS® Number-X14087060
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$4,404 (2026)
Maintenance-$539.74/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Vinyl Siding, Stucco (Plaster)
Roof-Flat
Foundation-Poured Concrete
Possession-60-89 Days
Neighbourhood-North N
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious top-floor executive condominium offering 2 bedrooms, 2 full bathrooms, an oversized private balcony, underground parking, and a convenient storage locker located on the same level. This luxury suite is ideal for young professionals, empty nesters, or investors seeking a turnkey property with outstanding tenants already in place. Designed with quality and style throughout, the open-concept layout features a gourmet kitchen with custom cabinetry, a large island, granite countertops, stainless steel appliances, and in-suite laundry. The kitchen flows seamlessly into the dining and living areas, highlighted by a beautiful stone feature fireplace, perfect for relaxing or entertaining. The spacious primary bedroom offers a large walk-in closet and a luxurious ensuite with an oversized walk-in shower and direct access to the balcony. A generously sized second bedroom is ideal for guests, a home office, or additional living space. Additional features include window coverings, access to a guest suite for visitors, underground parking, and a storage locker conveniently located on the same floor. Ideally situated close to shopping, fine dining, Costco, public transit, Western University, University Hospital, and many other amenities. A fantastic investment opportunity with two exceptional long-term tenants currently paying $2,500 per month who would be happy to remain.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$318,400
Land Transfer Taxes$4,445
Legal Fees (Est.)
$
Total cash required for closing$85,545

Total Monthly Obligation

$2,712/mo
Mortgage $1,605
Monthly Loss $2,290
Principal$422
Interest$1,183
Property Tax$367
Condo Fees$540
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.2%1
5-Year IRR
8.0%23
10-Year IRR
9.3%
Returns Index
12.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$26,472/yr
NOI
$10,544/yr
Net Cash Flow
-$727/mo
Cash Margin
-32.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.556
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo61
Risk Index
28.2/ 100

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

Comparables

Properties near 340 Sugarcreek Trail 510

Time

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