For Sale · Multifamily

580 ST JAMES STREET, London East (East B)

580 ST JAMES STREET, London East (East B), ON N5Y3P6

$529,000 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

100%

About this property

Step into a piece of Old North history with this wonderfully maintained 1940s bungalow, available for the first time in thirty years. Showcasing outstanding curb appeal and authentic period details inside and out, this 2-bedroom, 1-bath home exudes the charm and character that make the neighbourhood so desirable. From the decorative quoins on the exterior to the leaded-glass windows, textured ceilings, and elegant French doors, every room tells a story of classic craftsmanship. The spacious kitchen offers plenty of room for an eat-in area, perfect for casual meals and morning coffee. A standout feature is the large, full-length loft bathed in natural light from both north and south exposures. This versatile space can easily serve as a home office, artist's studio, playroom, or additional casual living area-ideal for today's flexible lifestyles. The lower level provides an open, functional space currently used for laundry, a fitness area, and a workbench zone, plus a separate cold room. A convenient side door to the driveway adds easy access for hobbies, storage, or outdoor projects. Outside, the fully fenced rear yard is a private retreat, featuring a large patio, tiered gardens, an elevated porch, and a handy utility shed-perfect for relaxing, entertaining, or gardening. Recent updates bring peace of mind: new shingles replaced in 2018, a new air conditioner installed in 2025, and a recent duct cleaning. Located in the heart of Old North, you'll enjoy tree-lined streets, a strong sense of community, and access to parks, cafés, downtown, and Western University. (id:66811)

Financial sandbox

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Estimate
Purchase price$529K
Down payment30% · $159K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$26K

Annual cash flow

$-3K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

72,393

Households

26,468

Median income

$72,000

Median age

37

Daytime population

107,348

5-yr growth

7.2%

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

Secure deal room

Confidential diligence documents for 580 ST JAMES STREET, London East (East B).

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.