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Investment signal

$649,900

447 CASTLEGROVE COURT N

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Beds

Baths

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

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

About this home

This well-maintained 4-level back split, built in 1974, presents an exceptional investment opportunity just minutes from Western University. Residential Rental Unit Licence in place until June 2026 and constructed of solid brick and featuring an attached garage, this property has been carefully cared for by its current owners and offers both durability and long-term value.With 6 legal bedrooms, the home is ideally suited for student rental or multi-tenant living, generating an impressive potential income of up to $38,750 per year. Its functional layout provides ample living space with, including 2 kitchen areas, making it attractive to tenants seeking comfort and convenience near campus.Income properties at this price point are becoming increasingly scarce. Whether you're expanding your portfolio or entering the market, this is a fantastic opportunity you won't want to miss. (id:65958)

Subtype: Single Family
Structure: House
Community: North K
Common interest: Freehold
Lot dimensions: 38.4 x 116.3 FT ; Lot size irr.
Bedrooms: 6 above grade
Parking: 4 total
On market: Apr 20, 2026
Status changed: Apr 20, 2026
Annual tax: $5,543.95
Zoning: R1-6
Photos: 47
MLS#: X13019190
Area: LONDON_NORTH_(NORTH_K)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedN/A

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

BlockPoured Concrete

Negative cash flow ~$690/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.37%

Cap rate

3.59%

GRM

16.4

Break-even rent

$4,026

Financing

Down payment$129,980

Loan amount$519,920

Mortgage$2,634/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$298

Insurance$80

Maintenance$542

CapEx reserve$271

Vacancy loss$165

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 $2,634/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 20, 2026.