1622 Leonard Street, London East

$299,900
1622 Leonard Street

$299,900

New
4d
DetachedBungalow

1622 Leonard Street, London East

Total Monthly Obligation $1,866

Beds
2
Baths
2
Park
4
Sqft
700-1100
DOM
4d
Score
42
Yield
9.3%
Cash on Cash
13.1%
Cap Rate
7.4%
5Y IRR
26.2%
10Y IRR
23.6%
Property Type-Detached
MLS® Number-X14092302
Beds-2
Bathrooms-2
Size-700-1100 sqft
Lot Size-40.54 × 185.68 ft
Listed on site-Oct 19, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,370 (2025)
Parking-5 - Detached
Basement-Separate Entrance, Finished
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-Block
Sewer-Sewer
Possession-Immediate/Flexible
Neighbourhood-East H
Title-Residential Freehold

No agent assigned

Welcome to 1622 Leonard Street, one heck of an opportunity for savvy buyers, investors, and first time owners alike. Those looking for a bright, clean, and incredibly versatile 2-bedroom bungalow, look no further! This one packs a massive punch! The main floor welcomes you with a sun-drenched living space, two comfortable bedrooms, a full bathroom, and a spacious, large kitchen perfect for your culinary adventures, while the ultimate game-changer awaits downstairs via a separate side entrance leading directly to a fully finished lower level that features a second kitchen, another full 3pc. bathroom, and two flexible rooms that could easily be converted into legal bedrooms to create the perfect in-law suite or mortgage helper. Equipped with low-maintenance vinyl windows and a detached single-car garage, the interior layout flows seamlessly into your own private outdoor oasis boasting a massive, tree-lined 185-foot-deep lot that backs right onto a peaceful greenspace with no rear neighbours, offering an unmatched combination of privacy, space, and rare lower-level potential that simply will not last long!

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

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$1,866/mo
Mortgage $1,210
Monthly Loss $1,547
Principal$318
Interest$891
Property Tax$281
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.7%47
Cash-on-Cash
4.2%19
5-Year IRR
19.3%90
10-Year IRR
18.2%
Returns Index
52.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeC
42/ 100
Poor•Caution

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$27,888/yr
NOI
$17,229/yr
Net Cash Flow
$226/mo
Cash Margin
9.7%26
Cash Flow Index
25.8/ 100
Risk Profile
Weight: 20%
DSCR
1.1944
LTV Ratio
80.0%18
Vacancy Buffer
5.0 mo84
Risk Index
48.6/ 100

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

Comparables

Properties near 1622 Leonard Street

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.