2650 Buroak Drive 54, London North

$749,900
2650 Buroak Drive 54

$749,900

New
2d
Condo TownhouseBungalow

2650 Buroak Drive 54, London North

Total Monthly Obligation $4,094

Beds
3
Baths
3
Park
2
Sqft
1400-1599
DOM
2d
Score
16
Yield
4.4%
Cash on Cash
-8.5%
Cap Rate
2.8%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Condo Townhouse
MLS® Number-X14102258
Beds-3
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Condo Townhouse
Age-0-5
Taxes-$5,649 (2025)
Maintenance-$398/mo
Locker-None
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ADVANTAGE REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Brick, Vinyl Siding
Possession-Flexible
Neighbourhood-North S
Title-Residential Condo & Other

No agent assigned

Open concept ONE LEVEL townhome in sought-after northwest London. Highlights include a stunning detail in architectural finishings by Auburn Homes. Enjoy an entertainer's/chef's kitchen with a large breakfast bar island with a wine rack, pantry, quartz countertops, gas cooktop, all overlooking the great room and dining room, with a gas fireplace. Very bright premium END UNIT with lots of natural light. Large primary bedroom with vaulted ceiling, Large walk-in closet, and 4 pc bath which includes a makeup desk. 2nd bedroom or den with double closets, main floor laundry, and double car garage with openers complete the main floor. Lovely covered front porch for morning coffee or evening martini. Enjoy an afternoon BBQ as well as sunsets on your spacious sundeck. The lower level offers 9 ft. ceilings and large windows, a finished rec room with fireplace, a bedroom, and a 4-piece bath. Never water, cut the grass, or shovel snow again! Easy living with an extra sense of community. Class and quality come together.

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

Mortgage Amount
$599,920
Land Transfer Taxes$11,473
Legal Fees (Est.)
$
Total cash required for closing$162,953

Total Monthly Obligation

$4,094/mo
Mortgage $3,025
Monthly Loss $3,298
Principal$796
Interest$2,229
Property Tax$471
Condo Fees$398
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.1%15
10-Year IRR
7.7%
Returns Index
8.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$32,688/yr
NOI
$16,594/yr
Net Cash Flow
-$1,642/mo
Cash Margin
-60.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
19.9/ 100

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

Comparables

Properties near 2650 Buroak Drive 54

Time

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