144 Conway Drive 58, London South

$249,900
144 Conway Drive 58

$249,900

New
3d
Condo Apartment3-Storey

144 Conway Drive 58, London South

Total Monthly Obligation $1,806

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
3d
Score
22
Yield
7.7%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.0%
Property Type-Condo Apartment
MLS® Number-X14100020
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 20, 2026
Style-3-Storey
Building Type-Condo Apartment
Taxes-$1,475 (2025)
Maintenance-$475/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-THE REALTY FIRM INC.
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-Electric, Living Room
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-South X
Title-Residential Condo & Other

No agent assigned

A thoughtfully updated 2-bedroom, 1-bath ground-floor condo apartment in South London, minutes from White Oaks Mall. An inviting option for first-time buyers or investors, with updates throughout and convenient access to everyday amenities.The foyer provides ample storage, with durable flooring continuing into the kitchen. White cabinetry and countertops are paired with stainless steel appliances (2026) and a subway tile backsplash.The open-concept dining and living area features a new electric fireplace (2026) and patio door with walkout access. Both bedrooms are spacious and include ceiling fans and generous closets. New carpeting will be installed throughout the living room, dining room, bedrooms and hallway. A 4-piece bathroom and in-suite washer/dryer (2026) closet complete the layout.Additional updates include new light fixtures, hot water heater and baseboard heaters. Open parking is also included.Located close to parks, schools and shopping, with easy access to Highway 401. This South London condo offers a functional layout with thoughtful updates throughout.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$199,920
Land Transfer Taxes$2,224
Legal Fees (Est.)
$
Total cash required for closing$53,704

Total Monthly Obligation

$1,806/mo
Mortgage $1,008
Monthly Loss $1,541
Principal$265
Interest$743
Property Tax$123
Condo Fees$475
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.0%1
5-Year IRR
9.8%34
10-Year IRR
10.7%
Returns Index
17.8/ 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
$19,320/yr
NOI
$7,813/yr
Net Cash Flow
-$357/mo
Cash Margin
-22.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
5.3 mo86
Risk Index
37.6/ 100

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

Comparables

Properties near 144 Conway Drive 58

Time

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