128 Empress Avenue
London North, N6H 1N3·MLS® X13426012·
Listing courtesy of Century 21 First Canadian Corp·Updated 2 days ago
Listing price
$1,099,000
Est. $5,234/mo
Days on market
Listed Jun 10, 2026
Description
Exceptional Turnkey Investment Opportunity. Welcome to this stunning newly constructed in 2025/2026 income-generating property located in one of London's most sought-out area, just minutes from University of Western Ontario. Purpose built with Investors in mind, this premium residence offers an outstanding combination of strong cash flow, modern design, and long-term appreciation potential. Featuring approximately 2500 sq ft, with each room offering its own private 4 piece ensuite and walk in closets providing a highly desirable living arrangement crafted for comfort and style. The open concept main level showcases contemporary finishes throughout, including a stylish kitchen with sleek white cabinetry, quartz countertops, walk-in pantry and new stainless steel appliances. Built with quality craftsmanship and attention to detail, this property offers low-maintenance ownership and peace of mind. Additional features include main-floor laundry, a convenient powder room, durable luxury vinyl flooring and pot lights throughout. Currently leased until April 30, 2027, providing immediate cash flow and an attractive return from day one with an estimated 6.76% cap rate. Minutes from major transit route, shopping, restaurants and every day amenities. Strong cash flow. Premium construction. Prime location. Secure your investment today. ( Virtually staged, furniture may not represent exact photos in the listing )
Property details
Basement
Partially Finished
Parking
3 spaces
Type
Detached — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London North, ON
Small historic neighbourhood along the Thames River west of downtown with heritage homes.
Monthly payment estimate
Land transfer tax
Ontario LTT
$18,455
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$645,000
45 Upper Avenue, London North
Sold$399,900
228 South Street, London East
See all 10 comparables
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Market conditions · North N
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$4,396
Rental yield
4.8%
Est. cash flow
-$2,508
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$258,894
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$1,055,040
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