For Sale · Multifamily

1 - 232 CENTRAL AVENUE, London East (East F)

1 - 232 CENTRAL AVENUE, London East (East F), ON N6A1M8

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

89%

About this property

Experience an exceptional blend of modern comfort and downtown sophistication in this beautifully updated two bedroom residence, offering picturesque views overlooking Victoria Park. Ideally situated in the heart of Downtown London, this bright and inviting unit features contemporary flooring throughout, a stylishly renovated kitchen complete with stainless steel appliances and generous cabinetry, and a beautifully refreshed bathroom with modern finishes. Expansive windows fill the living space with natural light while showcasing stunning views of Victoria Park and the surrounding greenery, creating a welcoming atmosphere in the heart of the city. Two spacious bedrooms offer comfort and versatility, while the convenience of in-suite laundry and one designated parking space further enhance the appeal of this residence. Just steps from the vibrant atmosphere of Richmond Row, residents can enjoy an impressive selection of boutique shops, cafés, restaurants, and entertainment, along with convenient access to Canada Life Place, public transit, and everyday amenities. Western University, University Hospital, and major transportation routes are also easily accessible. Water is included in the rent, while heat and electricity are additional. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

128,603

Households

55,027

Median income

$89,000

Median age

45.7

Daytime population

130,577

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 1 - 232 CENTRAL AVENUE, London East (East 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.