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For Sale · Multifamily

324 RIDOUT STREET S, London South (South G)

324 RIDOUT STREET S, London South (South G), ON N6C3Z3

$499,900 total

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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

98%

About this property

YOUR OWN PRIVATE GREENSPACE IN OLD SOUTH! Located in the sought-after Wortley Village area, this 2-storey duplex offers an exciting opportunity for first-time home buyers, young professionals, empty nesters, and investors. Featuring a charming facade, inviting covered front porch, five parking spaces, a rare extra-deep backyard measuring almost 400 feet deep, previously used as a tennis court, and a workshop, this property offers an exceptional amount of outdoor space. Whether you're looking to create a comfortable home or take on a rewarding investment project, this property provides plenty of room to make it your own. Enjoy the convenience of being close to shopping, restaurants, parks, public transportation, and hospitals, while being part of the vibrant Wortley Village community. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$500K
Down payment30% · $150K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$23K

Annual cash flow

$-4K

Cash-on-cash

-2.88%

DSCR

0.84

Going-in cap

4.68%

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

50,341

Households

20,633

Median income

$91,500

Median age

43.1

Daytime population

78,468

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 324 RIDOUT STREET S, London South (South G).

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.