For Lease · Multifamily

1 - 918 PRINCESS STREET, London East (East G)

1 - 918 PRINCESS STREET, London East (East G), ON N5W3M6

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

97%

About this property

Welcome to 918 Princess Avenue, Unit 1. Available for lease, main floor 3 bedroom 1 bathroom home in the heart of Old East Village. Bright and spacious unit with large windows that lets in lots of natural lighting. Tenant pays for hydro, water and gas. Separate hydro meters. Rental application, employment verification and credit check required. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

87,147

Households

36,623

Median income

$115,000

Median age

33.7

Daytime population

79,994

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for 1 - 918 PRINCESS STREET, London East (East G).

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.