12-14 VICTOR STREET, London South (South S)12-14 VICTOR STREET, London South (South S) — photo 212-14 VICTOR STREET, London South (South S) — photo 312-14 VICTOR STREET, London South (South S) — photo 412-14 VICTOR STREET, London South (South S) — photo 512-14 VICTOR STREET, London South (South S) — photo 612-14 VICTOR STREET, London South (South S) — photo 712-14 VICTOR STREET, London South (South S) — photo 812-14 VICTOR STREET, London South (South S) — photo 912-14 VICTOR STREET, London South (South S) — photo 1012-14 VICTOR STREET, London South (South S) — photo 1112-14 VICTOR STREET, London South (South S) — photo 1212-14 VICTOR STREET, London South (South S) — photo 1312-14 VICTOR STREET, London South (South S) — photo 1412-14 VICTOR STREET, London South (South S) — photo 1512-14 VICTOR STREET, London South (South S) — photo 1612-14 VICTOR STREET, London South (South S) — photo 1712-14 VICTOR STREET, London South (South S) — photo 1812-14 VICTOR STREET, London South (South S) — photo 1912-14 VICTOR STREET, London South (South S) — photo 2012-14 VICTOR STREET, London South (South S) — photo 2112-14 VICTOR STREET, London South (South S) — photo 22
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Business For Sale · Multifamily

12-14 VICTOR STREET, London South (South S)

12-14 VICTOR STREET, London South (South S), ON N6C1B7

$625,000 total

4,424 SF

Asset Class

Multifamily

Size

4,424 SF

Building class

C

Zoning

RA8 — Medium Rise

$ / SF

$141

Occupancy

89%

About this property

Renovated 4-unit with cap rate of 7.9%. Gross annual income of $72,840. Suite breakdown 4x 2bedrooms. Building features revitalized common areas, renovated units and restored front entrance portico. Separate Gas & Hydro meters. Windows replaced (2022). Laundry on site, 5 Parking spaces. 8 min drive to Western University, and short walk away from local amenities. TOURS TO SEE ALL UNITS: Sunday, September 27th from 3:00 PM to 5:00 PM. Please confirm Attendance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$625K
Down payment30% · $188K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$24K

Annual cash flow

$-10K

Cash-on-cash

-5.55%

DSCR

0.70

Going-in cap

3.88%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics2,414 SF2033-09
Vector Robotics1,519 SF2033-09

Area demographics

Trade area within 3 miles of the property.

Population

58,775

Households

24,879

Median income

$130,500

Median age

35.5

Daytime population

53,773

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 12-14 VICTOR STREET, London South (South S).

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.