150 ADELAIDE STREET N, London East (East L)150 ADELAIDE STREET N, London East (East L) — photo 2150 ADELAIDE STREET N, London East (East L) — photo 3150 ADELAIDE STREET N, London East (East L) — photo 4150 ADELAIDE STREET N, London East (East L) — photo 5150 ADELAIDE STREET N, London East (East L) — photo 6150 ADELAIDE STREET N, London East (East L) — photo 7150 ADELAIDE STREET N, London East (East L) — photo 8150 ADELAIDE STREET N, London East (East L) — photo 9150 ADELAIDE STREET N, London East (East L) — photo 10150 ADELAIDE STREET N, London East (East L) — photo 11150 ADELAIDE STREET N, London East (East L) — photo 12150 ADELAIDE STREET N, London East (East L) — photo 13
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Business For Sale · Land

150 ADELAIDE STREET N, London East (East L)

150 ADELAIDE STREET N, London East (East L), ON N6B3G8

$374,900 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

98%

About this property

Exceptional development opportunity in the heart of Downtown London! 150 Adelaide St N, together with adjacent 152 Adelaide St N, offers over 10,000 sq. ft. of prime commercial land with flexible zoning permitting a wide range of uses. Ideal for a boutique 2-storey commercial plaza, medical/professional office building with basement parking, car wash and coin laundry combination, retail uses, service commercial operations, and many other permitted commercial developments. Strategically located in a rapidly growing, high-density urban corridor surrounded by numerous high-rise residential buildings, established businesses, and strong pedestrian and vehicle traffic. Excellent exposure, convenient access to major transit routes,and a large local customer base make this a rare investment and development opportunity. Buyers are advised to conduct their own due diligence regarding zoning, permitted uses, development potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$375K
Down payment30% · $112K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$816

Cash-on-cash

0.73%

DSCR

1.04

Going-in cap

5.76%

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

130,084

Households

55,529

Median income

$91,500

Median age

42.7

Daytime population

159,948

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 150 ADELAIDE STREET N, London East (East L).

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.