For Lease · Multifamily

3 - 31 ORCHARD STREET, London South (South E)

3 - 31 ORCHARD STREET, London South (South E), ON N6J2R4

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

93%

About this property

Renovated bachelor/studio unit in a convenient central London location! Featuring a private separate entrance, parking, and a functional open-concept layout, this unit is an excellent option for a single professional or student. Enjoy easy access to public transit with a direct bus route to Western University, while being just minutes from Wortley Village, shopping, restaurants, and major amenities. A great opportunity to lease in a central and convenient location! *Utilities not included* (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

48,365

Households

19,756

Median income

$83,000

Median age

43.5

Daytime population

68,864

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 3 - 31 ORCHARD STREET, London South (South E).

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.