For Sale · Multifamily

6 - 229 HAMILTON ROAD, London East (East E)

6 - 229 HAMILTON ROAD, London East (East E), ON N5Z1P9

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

94%

About this property

One Bedroom + Den Available at 229 Hamilton Road, London, ON. This lower-floor apartment features one bedroom, a den that could be used as a second bedroom, and one bathroom. Available for December 1, 2026, the unit is offered at a discounted rent of $1,162/month plus hydro, with a lawful rent of $1,395/month plus hydro. Heat and water are included in the rent, while hydro is the tenant's responsibility. The apartment is pet-friendly, includes one parking space at no additional cost, and offers coin-operated laundry facilities in the building. A one-year lease agreement is required, and tenancy will continue at the lawful rental rate after the initial lease term in accordance with applicable regulations. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

77,031

Households

29,860

Median income

$114,000

Median age

37

Daytime population

101,173

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 6 - 229 HAMILTON ROAD, London East (East E).

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.