152 ADELAIDE STREET N, London East (East L)152 ADELAIDE STREET N, London East (East L) — photo 2152 ADELAIDE STREET N, London East (East L) — photo 3152 ADELAIDE STREET N, London East (East L) — photo 4152 ADELAIDE STREET N, London East (East L) — photo 5152 ADELAIDE STREET N, London East (East L) — photo 6152 ADELAIDE STREET N, London East (East L) — photo 7152 ADELAIDE STREET N, London East (East L) — photo 8152 ADELAIDE STREET N, London East (East L) — photo 9152 ADELAIDE STREET N, London East (East L) — photo 10152 ADELAIDE STREET N, London East (East L) — photo 11152 ADELAIDE STREET N, London East (East L) — photo 12152 ADELAIDE STREET N, London East (East L) — photo 13
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Business For Sale · Land

152 ADELAIDE STREET N, London East (East L)

152 ADELAIDE STREET N, London East (East L), ON N6B3G8

$374,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

About this property

Exceptional development opportunity in the heart of Downtown London! 150 Adelaide St N,together with adjacent 152 Adelaide St N, offers over 10,000 sq. ft. of prime commercial land with flexible zoning permitting a wide range of uses. Ideal for a boutique 2-storey commercial plaza, medical/professional office building with basement parking, car wash and coin laundry combination, retail uses, service commercial operations, and many other permitted commercial developments. Strategically located in a rapidly growing, high-density urban corridor surrounded by numerous high-rise residential buildings, established businesses, and strong pedestrian and vehicle traffic. Excellent exposure, convenient access to major transit routes,and a large local customer base make this a rare investment and development opportunity. Buyers are advised to conduct their own due diligence regarding zoning, permitted uses, and development potential. Both lots can be sold together or separately. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$375K
Down payment30% · $112K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-904

Cash-on-cash

-0.80%

DSCR

0.96

Going-in cap

5.30%

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

88,606

Households

37,715

Median income

$90,500

Median age

42.8

Daytime population

146,575

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 152 ADELAIDE STREET N, London East (East L).

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.