Business For Sale · Land

2496 DUNDAS STREET E, London East (East J)

2496 DUNDAS STREET E, London East (East J), ON N5V3C7

$9.5M total

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Asset Class

Land

Size

—

Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

100%

Lot Size

10.12 ac

About this property

BUILDER ALERT! Rare opportunity to acquire a 73-lot townhouse site at an attractive price in one of the city's growing areas. Significant scale, strong residential demand and excellent value create an outstanding opportunity for builders looking to secure their next project and capitalize on future growth. Priced to sell-don't miss this opportunity. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$9.50M
Down payment30% · $2.85M
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$44K

Projected NOI

$387K

Annual cash flow

$-140K

Cash-on-cash

-4.90%

DSCR

0.73

Going-in cap

4.07%

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

68,422

Households

24,257

Median income

$104,000

Median age

44.7

Daytime population

105,753

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 2496 DUNDAS STREET E, London East (East J).

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.