117 Thornton Avenue, London East

$499,000
117 Thornton Avenue

$499,000

New
3d
DetachedBungalow

117 Thornton Avenue, London East

Total Monthly Obligation $2,745

Beds
2
Baths
1
Park
2
Sqft
700-1100
DOM
3d
Score
20
Yield
5.3%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X14096802
Beds-2
Bathrooms-1
Size-700-1100 sqft
Lot Size-33 × 150 ft
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,292 (2025)
Parking-2 - None
Basement-Finished, Partially Finished
Heating-Forced Air (Gas)
Brokerage-THE REALTY FIRM INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

This is a home that offers a lot of what buyers are looking for: comfortable one-floor living, important updates, useful extra space, and a location that keeps everyday needs close by. Whether you are purchasing your first home, downsizing, or simply looking for something easier to maintain, the layout works well. The main floor has been renovated and opened up to create a bright, welcoming living space, while the finished lower level adds flexibility for a family room, home office, workout area, guests, or storage. Several larger updates have already been taken care of. The roof was replaced in 2022, along with the front and rear doors, and a new wood fence was added across the back of the yard in May of that year. In 2025, the neighbouring property owner replaced most of the chain-link fencing along the north side with new wood fencing, adding even more privacy. Most of the windows have also been updated, and the exterior has been professionally painted. The backyard is another feature that makes this home easy to enjoy. Mature trees, a covered rear deck, patio, large shed, and updated fencing create a private outdoor space with room for gardening, entertaining, pets, or simply relaxing. Inside, the gas fireplace adds warmth to the main living area, while two main-floor bedrooms and an updated 4-piece bathroom keep everyday living convenient. The lower level gives you additional usable space without taking on the size and upkeep of a much larger home. The location adds another layer of convenience. Set on a tree-lined street of single-family homes, the property is close to groceries, shopping, public transit, schools, parks, trails, restaurants, healthcare, and downtown. With a manageable layout, a private yard, meaningful updates, and extra space where you want it, this is a home that can work well for a variety of lifestyles and stages of life. It is move-in ready, easy to enjoy, and well worth seeing in person.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,745/mo
Mortgage $2,013
Monthly Loss $2,216
Principal$530
Interest$1,483
Property Tax$358
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.5%1
5-Year IRR
9.0%29
10-Year IRR
9.9%
Returns Index
15.7/ 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
$26,520/yr
NOI
$15,076/yr
Net Cash Flow
-$756/mo
Cash Margin
-34.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.628
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
28.6/ 100

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

Comparables

Properties near 117 Thornton 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.