322 FLEMING Drive, London East

$499,900
322 FLEMING Drive

$499,900

New
5d
DetachedBungalow-Raised

322 FLEMING Drive, London East

Total Monthly Obligation $2,672

Beds
5
Baths
2
Park
2
Sqft
700-1100
DOM
5d
Score
22
Yield
5.8%
Cash on Cash
0.2%
Cap Rate
4.6%
5Y IRR
15.7%
10Y IRR
14.7%
Property Type-Detached
MLS® Number-X14091498
Beds-5
Bathrooms-2
Size-700-1100 sqft
Lot Size-32.81 × 104.99 ft
Listed on site-Oct 18, 2026
Style-Bungalow-Raised
Building Type-Detached
Taxes-$3,367.87 (2025)
Parking-2 - None
Basement-Finished, Full
Heating-Forced Air (Gas)
Brokerage-KING REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-East D
Title-Residential Freehold

No agent assigned

Fantastic opportunity at 322 Fleming Drive! This detached 5-bedroom bungalow is perfectly located in Huron Heights, just minutes from Fanshawe College, schools, transit, and shopping. Ideal for first-time buyers, growing families, or investors looking for a high-yield property.The bright main floor features an open-concept living/dining area, a functional kitchen, 2 spacious bedrooms, and a full bath. Head downstairs via the separate private entrance to a fully finished lower level boasting a massive recreation room, a second full bath, and 3 additional bedrooms-each featuring its own closet!Complete with a private backyard, parking for 3 cars, and an unbeatable location.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$2,672/mo
Mortgage $2,016
Monthly Loss $2,141
Principal$531
Interest$1,486
Property Tax$281
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.2%44
10-Year IRR
11.6%
Returns Index
23.1/ 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
$28,872/yr
NOI
$18,117/yr
Net Cash Flow
-$507/mo
Cash Margin
-21.1%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
30.5/ 100

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

Comparables

Properties near 322 FLEMING Drive

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.