For Sale · Multifamily

3 - 232 CENTRAL AVENUE, London East (East F)

3 - 232 CENTRAL AVENUE, London East (East F), ON N6A1M8

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

95%

About this property

Experience sophisticated downtown living in this beautifully updated one bedroom residence, situated in the heart of Downtown London, just steps from the vibrant shops, restaurants, cafés, and entertainment along Richmond Row. Offering a refined blend of modern style and comfort, this bright and inviting unit showcases contemporary flooring throughout, a beautifully updated kitchen featuring stainless steel appliances and generous cabinetry, and a refreshed bathroom with stylish finishes. A stunning window-lined alcove surrounded by expansive windows creates a distinctive feature of the living space, filling the interior with natural light while offering picturesque views of Victoria Park and the surrounding greenery. This versatile space provides an inviting setting to relax, unwind, or create an elegant home office. Additional conveniences include in-suite laundry and one designated parking space included in the rent. Enjoy an exceptional downtown location within walking distance of Victoria Park, Canada Life Place, boutique shopping, acclaimed restaurants, and public transit, with convenient access to Western University, University Hospital, and major transportation routes. Water is included in the rent, while heat and electricity are additional. (id:66811)

Financial sandbox

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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

142,928

Households

53,527

Median income

$127,500

Median age

36.7

Daytime population

193,152

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 3 - 232 CENTRAL AVENUE, London East (East F).

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.