2 UPPER - 279 WILLIAM STREET, London East (East K)2 UPPER - 279 WILLIAM STREET, London East (East K) — photo 22 UPPER - 279 WILLIAM STREET, London East (East K) — photo 32 UPPER - 279 WILLIAM STREET, London East (East K) — photo 42 UPPER - 279 WILLIAM STREET, London East (East K) — photo 52 UPPER - 279 WILLIAM STREET, London East (East K) — photo 62 UPPER - 279 WILLIAM STREET, London East (East K) — photo 72 UPPER - 279 WILLIAM STREET, London East (East K) — photo 82 UPPER - 279 WILLIAM STREET, London East (East K) — photo 92 UPPER - 279 WILLIAM STREET, London East (East K) — photo 102 UPPER - 279 WILLIAM STREET, London East (East K) — photo 112 UPPER - 279 WILLIAM STREET, London East (East K) — photo 122 UPPER - 279 WILLIAM STREET, London East (East K) — photo 132 UPPER - 279 WILLIAM STREET, London East (East K) — photo 142 UPPER - 279 WILLIAM STREET, London East (East K) — photo 152 UPPER - 279 WILLIAM STREET, London East (East K) — photo 16
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For Lease · Multifamily

2 UPPER - 279 WILLIAM STREET, London East (East K)

2 UPPER - 279 WILLIAM STREET, London East (East K), ON N6B3C2

Price on request

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Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

84%

About this property

***BELOW MARKET VALUE*** Affordable RENOVATED UNIT For Lease! Welcome to 279 William St in London! THIS UNIT HAS ALL YOU NEED (Parking, Laundry, 2 bedrooms, renovated, DISH WASHER etc.) This centrally located duplex has been fully renovated( 2022) from top to bottom and is ready for you to move in. Perfect for students or young professionals. Unit 2 is situated on the upper second level and features (2) two spacious bedrooms, a bright bathroom, and an open-concept living and dining area. 1 Parking space is included in the monthly rent. This unit is equipped with brand-new (2022), energy-efficient appliances, in-suite laundry, individual hot water tanks (owned), separate hydro, individual breaker panels, and environmentally friendly heat pumps that serve as both balanced heat and cool air conditioner. These units each have separate heating/cooling units and thermostat controls. Don't miss the opportunity to make this beautifully renovated space your new home. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

140,615

Households

53,227

Median income

$110,500

Median age

31.9

Daytime population

129,588

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 2 UPPER - 279 WILLIAM STREET, London East (East K).

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.