UNIT 3 - 6 BALFOUR PLACE, London East (East P)UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 2UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 3UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 4UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 5UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 6UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 7UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 8UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 9UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 10UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 11UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 12UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 13UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 14UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 15UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 16UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 17UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 18UNIT 3 - 6 BALFOUR PLACE, London East (East P) — photo 19
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For Lease · Multifamily

UNIT 3 - 6 BALFOUR PLACE, London East (East P)

UNIT 3 - 6 BALFOUR PLACE, London East (East P), ON N5W4V8

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

84%

About this property

Welcome home to this beautifully updated 2-bedroom apartment nestled on a quiet court in East London. Offering a modern interior and a convenient location, this bright and well-maintained unit is just minutes from Argyle Mall, grocery stores, restaurants, and public transit, with an LTC bus stop only a short walk away. Outdoor enthusiasts will appreciate being just 450 metres from the Thames Valley Parkway trail system. Nearby schools include St. Pius X Catholic School, St. John Paul II Catholic Secondary School, Prince Charles Public School, and Clarke Road Secondary School. One parking space is included in the private rear lot. Heat and water are included in the rent, while hydro is the responsibility of the tenant. Coin laundry is available in the building, with an additional laundromat less than 1 km away. This is a non-smoking, pet-free unit. Tenant-supplied window air conditioning may be professionally installed with landlord approval. Don't miss this opportunity to lease a clean, updated apartment in a convenient East London location. Available for immediate occupancy upon reference, credit and income verification. Book your private viewing today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

99,526

Households

35,933

Median income

$99,000

Median age

32.3

Daytime population

111,202

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for UNIT 3 - 6 BALFOUR PLACE, London East (East P).

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.