1/71154 HAMILTON ROAD, London East (East O)
1154 HAMILTON ROAD, London East (East O), ON N5W1A9
$1.7M 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
87%
About this property
Being sold under Power of Sale AS IS, WHERE IS. Vacant, unimproved lot in great location in south east quadrant of the City of London, accessible to arterial roads as well as highways, including 401.Lot is approximately 1.5 acres redevelopment site, approved for a total of 34 townhouses, stacked, in sets of 3. The site is designated as "Neighbourhood" under the Official Plan and classified as R5-7 (32) under the Zoning By-Law. A Site Specific Zoning By-Law Amendment was granted to build 3 sets of 3 story stacked townhouse buildings containing a total of 34 dwellings. Full Municipal services available at lot line, including water, sewers, storm, natural gas, hydro, telephone and cable. Great opportunity. Buyer to do own due diligence. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$69K
Annual cash flow
$-25K
Cash-on-cash
-4.88%
DSCR
0.74
Going-in cap
4.08%
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
59,112
Households
26,781
Median income
$65,000
Median age
39.7
Daytime population
71,378
5-yr growth
8.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 1154 HAMILTON ROAD, London East (East O).
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.