What are the monthly costs for 34/36 Craig Street, London South?

With 20% down at a 4.49% rate over 25 years, estimated monthly mortgage is approximately $3,953, property taxes ~$630/mo, and no maintenance fees listed. Total estimated monthly carrying cost: ~$4,583. Contact Joe Battaglia for a detailed cost analysis.

Is 34/36 Craig Street a good investment?

This Detached is priced at $297/sqft. 8 bedrooms and 5 bathrooms in London South make it suitable for families or rental income. Contact the Battaglia Team for a complimentary investment analysis including rental estimates and comparable sales data.

What is the neighbourhood like around 34/36 Craig Street?

34/36 Craig Street is located in London South, Ontario. The area offers access to local schools, parks, transit, and amenities. The neighbourhood features established residential streets. Contact Joe Battaglia for a detailed neighbourhood report including school rankings, walk scores, and recent sales.

How do I book a showing for 34/36 Craig Street, London South?

To book a private showing for 34/36 Craig Street, contact Joe Battaglia directly at (416) 564-6611 or use the "Schedule a Showing" button on this page. Joe typically responds within 1 hour and can arrange same-day or next-day viewings. Virtual tours may also be available upon request.

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active

1/50

$890,000 - 34/36 Craig Street, London South

Detached for Sale in London South

Popular Listing

8Beds

5Baths

3,000 - 3,499Sq Ft

Detached

Property Details

MLS Number: X13434706
Property Type: Detached
Status: active
Days on Site: 8
Bedrooms: 8
Bathrooms: 5
Square Feet: 3,000 - 3,499 sqft
Neighbourhood: London South
Listing Brokerage: ROYAL LEPAGE TRILAND REALTY

Description

PRIME WORTLEY VILLAGE 5-PLEX with PREMIUM INCOME!!! 5 well kept and well rented units in a premium location at a spectacular price! Turnkey Income in one of London, Ontario's most beloved neighborhoods! Step into a rock-solid investment in the heart of Wortley Village, just steps from vibrant shops, cafés, parks, and all the charm that makes this area one of London's most sought-after communities. This tenant-occupied detached 5-plex is a reliable income earner from day one, offering character, durability, and unbeatable walkability. Built with classic triple-brick and double-brick construction, updated plumbing, insulation, & wiring, the property delivers the kind of long-term stability investors love. Each unit is separately metered for hydro, making management straightforward and expenses predictable. With dedicated parking for all tenants, this property checks a major box for renters-especially in a neighborhood where parking is at a premium. Whether commuting or exploring, residents enjoy effortless access to downtown London, South London, transit routes, and everyday conveniences. The location alone keeps demand high, and the strong rental history speaks for itself. A rare opportunity to own a well-maintained, income-producing 5-plex in one of the city's most iconic neighborhoods-perfect for investors seeking steady returns, future upside, and a property that practically markets itself. TOTAL MONTHLY INCOME: $7890 w/ the 4 larger apartments paying their own hydro ($1195 bachelor unit all inclusive on house meter, $1700 2 bedroom unit + hydro, $1495 1 bedroom unit + hydro, $1750 + hydro, $1750 + hydro). Laundry in basement services all units. The basement also offers lots of storage & potential for a additional living space. Along with potential That's $94,680 per year gross income with MINIMAL utilities and ultra low property taxes! This listing is for the 5-plex only at 34 & 36 Craig St. The triplex at 34 Craig St is also available for sale at MLS #X13206364

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,566.16/mo

Includes CMHC insurance ($24,831)

Purchase Price

Down Payment

5%10%50%

Interest Rate (%)

5-yr fixed avg.

Amortization

Frequency

Principal: $801,000Interest: $544,017

Mortgage Amount$825,831

Total Interest$544,017

Est. Property Tax$630/mo

Total Cost$1,369,848

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: London South

Discover London South

London South is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in London South

•Convenient location in London South
•Access to local shops and dining
•Good public transit connections
•Community parks and green spaces
•Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary

Local Secondary SchoolPublic High School

Transit & Commuting

•MiWay bus routes throughout the area
•GO Transit stations within driving distance
•Easy highway access to 401/403/QEW
•Walking distance to local amenities

Parks & Amenities

•Local parks and recreational facilities
•Community centres
•Shopping plazas nearby
•Restaurants and cafes

Lifestyle & Community

London South offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

Walk Score

Varies

Price Range

34/36 Craig Street, London South

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent

$5,400/mo

Range: $4,590 - $6,210

Cap Rate (ROI)

6.2%

Excellent

Monthly Cash Flow Breakdown

Rental Income+$5,400

Maintenance Fees-$0

Property Tax (est.)-$630

Insurance (est.)-$185

Net Cash Flow+$4,585

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $297/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Detached Home Advantages

Detached homes in London South are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Larger Home Realities

At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Excellent Flexibility

With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London South.

Bathroom Count Matters

With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Investment Perspective

Looking at this as an investment: London South properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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