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Investment signal

$789,000

1408 DEVOS DRIVE

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Beds

4

Baths

4 full + 1 half

Sqft

Year

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London North (North C). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 1408 Devos Dr. located in the desirable Stoney Creek neighbourhood of North London. A perfect location for families w/ schools nearby (Stoney Creek PS, AB Lucas SS, Northridge PS, Mother Teresa CSS), trails, transportation & amenities. This beautiful 2-storey home offers 2,089 sq ft AG living space + additional 519 sq ft in a fully finished basement/apt. The home features 3+1 large sized bedrooms, 3.5 bathrooms, a kitchen on main floor & a smaller kitchen +1 extra laundry in the basement. Featuring a spacious open-concept layout, upgraded gourmet kitchen w/ abundant cabinetry, a pantry & NEW quartz countertops, stove & dishwasher 2026. The main floor features an inviting hallway with a 2pcs powder room w/ new sink & quartz countertop 2026, a spacious & bright living /dining room, perfect for everyday living and entertaining. Sliding door in the dining room leads to the patio that flows nicely to the fully fenced, landscaped backyard w/ a shed. The 2nd level, freshly painted, offers 3 generously sized bedrooms & 2 full bathrooms with 4pcs each, upgraded sinks & new quartz countertops 2026. The bright & spacious primary bedroom includes 2 walk-in closets, 4pcs spa-like ensuite featuring a shower & soaker tub for your private wellness retreat. The finished basement which features a spacious family room & dining room with/ 2 windows, kitchen, laundry, an additional bedroom w/ 4pcs ensuite offers great potential for in-laws, or investment. It's currently rented to AAA+ tenant who is willing to stay if the buyers are willing to sign a new Agreement to Lease. Furthermore, this home includes a 2-car garage, w/ additional 4 parking spots (space for 6 cars total) a bonus for car enthusiasts or extra storage. Located just minutes from the YMCA, shopping & more. It's on a bus route to Western University, Fanshawe College or Downtown. This lovingly cared home is great for both a growing family & the home buyer looking for potential rental income! Move-in Ready. (id:65958)

Subtype
Single Family
Structure
House
Community
North C
Common interest
Freehold
Lot dimensions
36.1 x 115.1 FT
Bedrooms
3 above grade, 1 below grade
Parking
6 total
Stories
2
On market
Apr 23, 2026
Status changed
Apr 23, 2026
Annual tax
$5,582.39 (2026)
Photos
45
MLS#
X13036916
Area
LONDON_NORTH_(NORTH_C)

Features and systems

Parking

Attached GarageGarage

Basement

Apartment in basementN/A

Appliances

DishwasherDryerMicrowaveHood FanTwo stovesTwo WashersGarage door opener remote(s)Two Refrigerators

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Foundation

Poured Concrete
Negative cash flow ~$874/mo at these assumptions

Cash on cash

-6.64%

Cap rate

3.54%

GRM

16.6

Break-even rent

$4,870

Financing

Down payment$157,800
Loan amount$631,200
Mortgage$3,198/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$362
Insurance$80
Maintenance$658
CapEx reserve$329
Vacancy loss$198

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $3,198/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.

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