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For Lease · Multifamily

UPPER - 1023 EAGLE DRIVE, London South (South J)

UPPER - 1023 EAGLE DRIVE, London South (South J), ON N5Z3H4

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

99%

About this property

Welcome to 1023 Eagle Drive, Upper Unit! Available for lease immediately, this beautifully renovated unit is situated on a quiet residential street within walking distance to London's Victoria Hospital. Ideal for a family, couple, working professionals, or students, the home is close to excellent public schools and just minutes from Highway 401, Highbury Avenue, Food Basics, shopping, public transit, parks, and other everyday amenities. The unit features a bright open-concept kitchen with a dishwasher and microwave, convenient in-suite laundry, and parking for up to 3 vehicles. The oversized living room offers plenty of space for both a comfortable living area and a separate dining area. The garage is also available for an additional $200 per month, if desired. The upper unit also features a private balcony, providing a great outdoor space to relax and enjoy the warmer months. Rent is $2,000 per month plus personal electricity and 33% of the shared heat and water costs. Window AC Unit will be provided by the landlord. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

100,058

Households

45,415

Median income

$126,000

Median age

35.8

Daytime population

103,974

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for UPPER - 1023 EAGLE DRIVE, London South (South J).

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.