Business For Sale · Land

1120 OXFORD STREET E, London East (East C)

1120 OXFORD STREET E, London East (East C), ON N5Y3L8

$1.8M total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

92%

Lot Size

0.75 ac

About this property

Included properties: 1120-1122-1126 Oxford Street East and 2-6 Clemens Street. Properties must be purchased together. 0.75 Acre Development Site located on the north east corner of Oxford Street East and Clemens Street in Northeast London. 136 ft frontage on Oxford Street East and 240 ft frontage along Clemens Street. Ideal location for student apartments located approximately one block from Fanshawe College with bus stop at door. Directly across the street from Tim Hortons, Finch Nissan, etc. Convenient access to major highways, shopping centres, schools, sport facilities and other amenities. Approved zoning for a 10-Storey, 136 unit residential development. Excellent high-density infill development opportunity. Current Zoning: R9- 7(37) which allows Apartment buildings; Lodging house class 2; Senior citizens apartment buildings; Handicapped persons apartment buildings and Continuum-of-care facilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$80K

Annual cash flow

$-20K

Cash-on-cash

-3.65%

DSCR

0.80

Going-in cap

4.45%

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

134,417

Households

48,066

Median income

$124,000

Median age

35.3

Daytime population

177,779

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 1120 OXFORD STREET E, London East (East C).

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.