










1/121 - 490 CENTRAL AVENUE, London East (East F), ON N6B2G1
Price on request
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA9 — High Rise
$ / SF
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Occupancy
87%
FOR LEASE | 1-490 Central Avenue, London, Ontario **$1,195/month + Heat & Electricity | High Speed Internet & Water Included | 1 Bedroom | 1 Bathroom | 1 Parking Space Included** Conveniently located in Central London, this main floor, 1 bedroom apartment offers comfortable living with the added privacy of its own separate entrance at the front main level of a fourplex. The unit features a functional layout, a 4pc bathroom, and a kitchen equipped with a refrigerator, stove, dishwasher, and private in-suite washer and dryer. Enjoy year round comfort with an electric split system providing both heating and air conditioning, in addition to the building's forced-air natural gas heating system. **Location is a standout feature!** Situated just minutes from downtown London, with convenient access to public transit, shopping, restaurants, parks, and everyday amenities. Ideal for those seeking an affordable, centrally located home with easy access to the city.**Monthly Rent: $1,195 + Heat & Electricity. One parking space included.** (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$72K
Annual cash flow
$-11K
Cash-on-cash
-2.40%
DSCR
0.87
Going-in cap
4.82%
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
140,479
Households
51,969
Median income
$118,500
Median age
35.7
Daytime population
198,225
5-yr growth
7.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1 - 490 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.