1/48307 CENTRAL AVENUE, London East (East F)
307 CENTRAL AVENUE, London East (East F), ON N6B2C9
$1.7M total
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Asset Class
Multifamily
Size
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Building class
B
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
89%
About this property
EXCEPTIONAL INVESTMENT OPPORTUNITY IN THE CORE AREA NEAR VICTORIA PARK. SIX UNITS ALL TOGETHER BETWEEN TWO BUILDINGS AND MADE UP OF ONE BEDROOM AND TWO BEDROOM APARTMENTS. FEATURING NEWER WINDOWS AND HISTORIC CHARM WITH PRACTICAL UPDATES. THE MAIN BUILDING IS MADE UP OF FOUR UNITS WITH HUGE POTENTIAL TO EXPAND INTO AN OVERSIZED ATTIC. THE SECOND BUILDING AT THE BACK OF THE PROPERTY OFF OF A BACK LANE FEATURES TWO LARGE TWO-BEDROOM APARTMENTS. THE PROPERTY HAS TONS OF PARKING AVAILABLE. ALL UNITS ARE SEPARATELY METERED WITH GAS AND ELECTRIC HEATING. THE PROPERTY IS SITUATED MINUTES FROM SHOPPING, DINING, TRANSIT AND EVERYDAY CONVENIENCES. POTENTIAL GROSS INCOME EXCEEDING $100,000 MAKE THIS A HIGH PERFORMING ASSET AND CAN BE PURCHASED WITH 305 CENTRAL AVE. WHICH IS RIGHT NEXT DOOR. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$63K
Annual cash flow
$-31K
Cash-on-cash
-6.10%
DSCR
0.67
Going-in cap
3.71%
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
61,344
Households
21,399
Median income
$86,000
Median age
40.5
Daytime population
74,199
5-yr growth
2.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 307 CENTRAL AVENUE, London East (East F).
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.