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Business For Sale · Multifamily

581 WILLIAM STREET S, London East (East B)

581 WILLIAM STREET S, London East (East B), ON N6B3E8

$875,000 total

3,200 SF

Asset Class

Multifamily

Size

3,200 SF

Building class

A

Zoning

RA8 — Medium Rise

$ / SF

$273

Occupancy

88%

About this property

Outstanding investment! 7 Vacant Units Name your own rents! In the heart of Woodfield!This legal seven-unit residential building is ideally situated at the corner of William Street and Central Avenue, close to Richmond Row , Victoria Park, Central Medical Complex , .All seven units are currently vacant, giving a new owner the opportunity to renovate, reposition and establish current new Rents with potential to produce $9100 Monthly or $109,000,00 Anualy. The property features seven separately metered units, plus an additional house hydro meter. Parking is available at both the front and rear of the property, with additional street parking nearby.The units require updating and TLC, providing excellent potential to enhance the building and create strong future revenue. This is an ideal addition to an investment portfolio, or an excellent opportunity for an owner-occupier to live in the spacious front unit while generating income from the remaining six apartments.VTB possibly available to approved individuals , Some pictures have been AI enhanced (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$875K
Down payment30% · $263K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$35K

Annual cash flow

$-13K

Cash-on-cash

-5.12%

DSCR

0.72

Going-in cap

4.01%

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.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP2,803 SF2034-06

Area demographics

Trade area within 3 miles of the property.

Population

60,415

Households

24,587

Median income

$134,500

Median age

39.2

Daytime population

65,564

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 581 WILLIAM STREET S, 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.