220 Bernard Avenue, London East

$599,900
220 Bernard Avenue

$599,900

New
7d
Detached1 1/2 Storey

220 Bernard Avenue, London East

Total Monthly Obligation $3,245

HausQ Valuation Report
Beds
5
Baths
3
Park
3
Sqft
1100-1500
DOM
7d
Score
20
Yield
5.4%
Cash on Cash
-2.2%
Cap Rate
4.1%
5Y IRR
13.8%
10Y IRR
13.2%
Property Type-Detached
MLS® Number-X14087654
Beds-5
Bathrooms-3
Size-1100-1500 sqft
Lot Size-40 × 125 ft
Listed on site-Oct 16, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$5,398 (2025)
Parking-4 - Detached
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP PREFERRED REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

Currently rented for $4,250/month through April 30, 2027! This well-located student rental at 220 Bernard Ave offers investors an opportunity to purchase an income-producing property near Western University with a tenant already in place.This solid brick 1.5-storey home features 5 bedrooms plus a den, 3 bathrooms and a single-car garage, providing plenty of space for a student household. The property is conveniently located close to Western University, with easy access to transit, shopping, restaurants and other amenities.The functional layout offers multiple living spaces and bedrooms, while the 1.5-storey design adds character and flexibility. The single-car garage provides valuable parking and storage.With current rental income of $4,250/month and the existing lease secured until April 30, 2027, this is an opportunity to add a turnkey student rental to your portfolio with income already in place. A great location, established rental history and strong proximity to Western make 220 Bernard Ave worth a look.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,245/mo
Mortgage $2,420
Monthly Loss $2,608
Principal$637
Interest$1,783
Property Tax$450
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.8%34
10-Year IRR
10.4%
Returns Index
18.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$32,472/yr
NOI
$19,327/yr
Net Cash Flow
-$809/mo
Cash Margin
-29.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo49
Risk Index
25.4/ 100

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

Comparables

Properties near 220 Bernard Avenue

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.