2290 Torrey Pines Way 3, London North

$959,000
2290 Torrey Pines Way 3

$959,000

New
3d
Vacant Land CondoBungalow

2290 Torrey Pines Way 3, London North

Total Monthly Obligation $5,045

Bed+Den
4+2
Baths
3
Park
0
DOM
3d
Score
15
Yield
3.8%
Cash on Cash
-10.4%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.3%
Property Type-Vacant Land Condo
MLS® Number-X14097392
Bed+Den-4+2
Bathrooms-3
Listed on site-Oct 20, 2026
Style-Bungalow
Building Type-Vacant Land Condo
Taxes-$8,181 (2025)
Maintenance-$295/mo
Locker-None
Parking-Attached
Basement-Full
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick Veneer, Stone
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-North N
Title-Residential Condo & Other

No agent assigned

Step inside a home that blends executive refinement with lock-and-leave simplicity, this standout Freehold Bungalow Condominium in Upper Richmond Village provides over 3,100 square feet of finished, upgraded living across two fully appointed levels. Highlighted by hardwood flooring, California shutters, and custom millwork, the main floor features an entertainer's formal dining room, a tray-ceiling entertainment space, and a chef's kitchen with induction cooking. Step outside to a sheltered patio with privacy glass, or retreat to a serene primary suite complete with heated bathroom floors and a custom walk- in closet. The sun-filled lower level expands your options with a second fireplace, two guest bedrooms, a full bath, and extensive storage. Backed by a double garage with epoxy flooring and full-service ground maintenance ($295/mo for snow, lawn, and irrigation), this home delivers refined, zero-maintenance living near London's premier golf, medical, and university destinations.

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Closing Costs

Mortgage Amount
$767,200
Land Transfer Taxes$15,655
Legal Fees (Est.)
$
Total cash required for closing$208,955

Total Monthly Obligation

$5,045/mo
Mortgage $3,868
Monthly Loss $4,027
Principal$1,018
Interest$2,850
Property Tax$682
Condo Fees$295
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.6%0
5-Year IRR
5.0%11
10-Year IRR
6.8%
Returns Index
6.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$36,000/yr
NOI
$18,279/yr
Net Cash Flow
-$2,345/mo
Cash Margin
-78.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
17.0/ 100

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

Comparables

Properties near 2290 Torrey Pines Way 3

Time

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