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$1.7M total
—
Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
84%
Lot Size
0.423 ac
Welcome to this rare 4 combined townhouses, 5 unit, multi-family propertysituated on nearly half an acre, just minutes from Western University. Thiswell-maintained building features 4 attached townhomes plus an additionalunit, offering excellent rental income potential and strong tenant demand inone of the city's most sought-after areas. The property consists of: Threespacious 3-bedroom, 2-bathroom units; One large 5-bedroom, 2-bathroom unit;One 1-bedroom, 1-bathroom unit. Each residence boasts generously sizedlayouts, ideal for students, professionals, and families alike. Ampleparking on-site ensures convenience for tenants, while the nearly half-acrelot offers future development or expansion potential (buyer to verify). Withits proximity to Western University, transit, shopping, and amenities, thisproperty is a turnkey investment opportunity in one of London's strongestrental markets. This property is offered power-of-sale. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$65K
Annual cash flow
$-29K
Cash-on-cash
-5.69%
DSCR
0.69
Going-in cap
3.83%
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.
Trade area within 3 miles of the property.
Population
68,775
Households
28,353
Median income
$110,000
Median age
31.6
Daytime population
62,808
5-yr growth
3.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 210-216 HOMESTEAD CRESCENT, London North (North 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.