966 Colborne Street, London East

$589,900
966 Colborne Street

$589,900

New
3d
Detached2-Storey

966 Colborne Street, London East

Total Monthly Obligation $3,072

Beds
3
Baths
1
Park
4
Sqft
1100-1500
DOM
3d
Score
20
Yield
5.1%
Cash on Cash
-2.7%
Cap Rate
4.0%
5Y IRR
13.4%
10Y IRR
12.9%
Property Type-Detached
MLS® Number-X14097258
Beds-3
Bathrooms-1
Size-1100-1500 sqft
Lot Size-30.73 × 197 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,805 (2025)
Parking-6 - Detached
Basement-Crawl Space, None
Heating-Radiant (Other)
Brokerage-THRIVE REALTY GROUP INC.
Cooling-Other, Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete, Unknown
Sewer-Sewer
Possession-Immediate/Flexible
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

966 Colborne Street is a lovely two-storey, three-bedroom, one-bathroom home situated on a nearly 200-foot-deep lot in the heart of Old North, complete with a detached double-car garage and plenty of parking. Located in a highly desirable, family-friendly neighbourhood close to excellent schools, parks, shopping, transit and everyday amenities. Inside, you'll find a spacious living room and dining area flowing into a beautifully renovated open-concept kitchen featuring new quartz countertops, stainless steel appliances and new vinyl flooring throughout the main level. Boiler heating and two brand-new mini-split systems provide added comfort throughout the seasons. The bright rear addition offers flexible extra living space ideal for a home office, den, sunroom or additional bedroom, while also providing laundry, storage and direct access to the backyard patio. Upstairs features beautiful hardwood flooring, three spacious bedrooms, each with a closet and large windows, along with a stylish four-piece bathroom featuring an updated vanity and light fixtures. Freshly painted and well cared for, this charming Old North home is ready for its next owner.

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

Closing Costs

Mortgage Amount
$471,920
Land Transfer Taxes$8,273
Legal Fees (Est.)
$
Total cash required for closing$127,753

Total Monthly Obligation

$3,072/mo
Mortgage $2,379
Monthly Loss $2,445
Principal$626
Interest$1,753
Property Tax$317
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.4%32
10-Year IRR
10.2%
Returns Index
17.0/ 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
$29,820/yr
NOI
$18,533/yr
Net Cash Flow
-$835/mo
Cash Margin
-33.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
26.4/ 100

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

Comparables

Properties near 966 Colborne Street

Time

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