232 DUNDAS STREET, London East (East F)
232 DUNDAS STREET, London East (East F), ON N6A1H3
$1.6M total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
84%
About this property
Downtown London, Trendy 3 Storey building updated with 2 modern high end apartments. Great retail/commercial area 3600 sqft with several updates and upgrades. Building Square Footage: Approx. 5,780 total sqft over 3 levels and basement. Main Floor: Approx. 3,200 sqft of Retail Commercial space & approx. 350 sq ft in basement Divided in 3 units (East unit is currently leased for $2,200+ HST pre month | West is leased for $2,300 + HST pre month | Rear Unit is Vacant Potential rent is $2,700 + HST pre month). Second Floor 1 bedroom apartment approx. 1320 sqft currently renting for $2,200. 3rd floor 1 bedroom apartment approx. 860 sqft rented for $2,000 pre month. Each floor is separately metered for hydro paid by tenant, landlord pays gas. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$48K
Annual cash flow
$-43K
Cash-on-cash
-8.77%
DSCR
0.53
Going-in cap
2.91%
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
137,424
Households
63,923
Median income
$128,000
Median age
37
Daytime population
144,698
5-yr growth
5.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 232 DUNDAS STREET, 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.