Business For Sale · Multifamily

298 HYMAN STREET, London East (East F)

298 HYMAN STREET, London East (East F), ON N6B2G7

$1.6M total

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

88%

About this property

Exceptional investment opportunity in the heart of downtown, just steps from Victoria Park. This beautifully renovated multi-unit property offers six well-maintained units, including a stunning owner-occupied live-in suite designed with comfort and style in mind. Perfect for investors or owner-operators looking to enjoy downtown living while generating strong rental income. The property showcases quality updates throughout, blending character and charm with modern finishes. The live-in unit has been thoughtfully designed with spacious living areas, upgraded kitchen and bath features, and direct access to an incredible private outdoor retreat. Enjoy entertaining in the outdoor kitchen area or relaxing on the secluded patio space. Additional highlights include a detached garage which currently houses parking for one car work shop and storage, ample outdoor living space, and excellent curb appeal. Located in the vibrant core area, tenants and owners alike will appreciate being within walking distance to restaurants, entertainment, parks, transit, and all downtown amenities. A rare opportunity to own a turnkey multi-unit property in one of the city's most desirable central locations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.65M
Down payment30% · $495K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$52K

Annual cash flow

$-39K

Cash-on-cash

-7.90%

DSCR

0.57

Going-in cap

3.17%

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

96,282

Households

40,740

Median income

$100,000

Median age

31.3

Daytime population

101,537

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 298 HYMAN STREET, 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.