For Lease · Multifamily

MAIN FLOOR - 361 VESTA ROAD, London East (East A)

MAIN FLOOR - 361 VESTA ROAD, London East (East A), ON N5Y1E9

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

95%

About this property

FOR LEASE - Welcome to 361 Vesta Road! Beautifully renovated main floor offering 3 spacious bedrooms, a bright and inviting living space, modern finishes, private in-suite laundry, and an attached single-car garage. Thoughtfully updated with comfort and functionality in mind, this move-in-ready home is ideal for families, professionals, or anyone seeking quality living in a convenient location. Situated close to schools, parks, shopping, restaurants, public transit, and all everyday amenities, you'll enjoy easy access to everything you need. Water is included, tenant pays hydro. Don't miss this opportunity to lease a beautifully updated home in a family-friendly neighbourhood. Available for immediate occupancy. Book your private showing 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
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

93,896

Households

43,024

Median income

$120,500

Median age

35.1

Daytime population

80,153

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for MAIN FLOOR - 361 VESTA ROAD, London East (East A).

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.