For Lease · Multifamily

1 - 23 MCCLARY AVENUE, London South (South F)

1 - 23 MCCLARY AVENUE, London South (South F), ON N6C1P6

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

91%

About this property

Bright and well-appointed 2-bedroom apartment on the main floor of a well-maintained 3-storey walkup, ideally situated in sought-after Old South near Wortley Village on a quiet cul-de-sac.This unit offers the perfect blend of comfort, location, and convenience for tenants seeking quality rental living in one of London's most desirable neighbourhoods.Inside, the unit features a generous living area, two large bedrooms, and a kitchen equipped with a gas stove - ideal for anyone who loves to cook. Controlled building entry provides added security and peace of mind, with in-building laundry and parking available on site.This property is professionally managed and maintained, ensuring responsive service and a well-cared-for living environment year-round. A rare opportunity to lease in Old South (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

103,755

Households

43,004

Median income

$75,000

Median age

42

Daytime population

122,585

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 1 - 23 MCCLARY AVENUE, London South (South 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.