Business For Sale · Multifamily

250 GREENWOOD AVENUE, London South (South D)

250 GREENWOOD AVENUE, London South (South D), ON N6J3G4

$899,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

97%

About this property

Great opportunity to own a purpose-built fourplex in one of London's most desirable pockets - this well-maintained investment property features four spacious two-bedroom units, each with their own full basement, offering tenants the kind of space and privacy they desire. All units currently occupied by quality, tenants providing immediate, stable income. Inside, you'll find hardwood floors, eat-in kitchens, and bright generous layouts throughout, with two units boasting additional finished space in the lower level (one unit with a third bedroom, another with a finished office/flex room). Each unit has its own gas and hydro meter, keeping operating costs clean and simple. Four parking spaces, some newer windows, updated furnaces, and a 2015 roof. Step into the backyard and you'll understand what make this location special - a private, serene setting overlooking The Cove, the kind of outdoor amenity that attracts and retains great tenants year after year. With a neighbourhood well-served by public transit and green space, this is a turnkey asset with genuine upside potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$42K

Annual cash flow

$-7K

Cash-on-cash

-2.75%

DSCR

0.85

Going-in cap

4.71%

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

56,538

Households

20,462

Median income

$138,000

Median age

38.7

Daytime population

82,989

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 250 GREENWOOD AVENUE, London South (South D).

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.