For Lease · Multifamily

2 - 290 CENTRAL AVENUE, London East (East F)

2 - 290 CENTRAL AVENUE, London East (East F), ON N6B2C8

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

85%

About this property

WELCOME TO 290 CENTRAL AVE. Unit #2. Well maintained 2nd floor 2 bedroom 1+1/2 bathrooms unit available for lease immediately. Located across the street from Victoria park in the heart of Woodfield Estates. This bright clean unit offers undated finishes including modern flooring throughout and updated bathrooms and kitchen with ample cabinetry and modern appliances and in suite laundry. Also comes with private parking in the rear of the building and is available for $1995. per month plus heat, hydro and $79 for water. Located in the heart of downtown close all the amenities downtown have to offer. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

46,698

Households

21,236

Median income

$123,000

Median age

36.5

Daytime population

41,019

5-yr growth

5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2 - 290 CENTRAL AVENUE, London East (East F).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.