Business For Sale · Multifamily

1767-1769 ALDERSBROOK ROAD, London North (North F)

1767-1769 ALDERSBROOK ROAD, London North (North F), ON N6G3E2

$823,600 total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

92%

About this property

Great opportunity to purchase two semi-detached homes together in a great neighbourhood. Both homes have been freshly painted and are ready for their new owners. This is a great option for a large or extended family, multi-generational living, or an investor looking for a good opportunity. The location is close to schools, parks, shopping, transit and other amenities. Great potential and lots of possibilities. Don't miss out on this opportunity! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$824K
Down payment30% · $247K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$31K

Annual cash flow

$-15K

Cash-on-cash

-6.05%

DSCR

0.67

Going-in cap

3.73%

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

47,238

Households

18,141

Median income

$133,000

Median age

39

Daytime population

65,570

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 1767-1769 ALDERSBROOK ROAD, London North (North F).

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.