For Lease · Multifamily

UNIT 1 - 31 ORCHARD STREET, London South (South E)

UNIT 1 - 31 ORCHARD STREET, London South (South E), ON N6J2R4

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

86%

About this property

Welcome to this beautifully renovated main-level 3-bedroom, 1-bathroom unit in a convenient central London location! Featuring a separate entrance, onsite laundry, 3 parking spaces, and a bright, functional layout, this home is perfect for families, professionals, or students. Enjoy easy access to public transit with a direct bus route to Western University, while being just minutes from the charming shops, restaurants, and amenities of Wortley Village. A fantastic opportunity to lease a renovated home in a highly convenient location! *Utilities not included* (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

62,632

Households

24,889

Median income

$118,000

Median age

32.9

Daytime population

102,112

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for UNIT 1 - 31 ORCHARD STREET, London South (South E).

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.