2 - 231 GREENWOOD AVENUE, London South (South D)

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For Lease · Multifamily

2 - 231 GREENWOOD AVENUE, London South (South D)

2 - 231 GREENWOOD AVENUE, London South (South D), ON N6J3G5

Price on request

—

Asset Class

Multifamily

Size

—

Building class

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

89%

About this property

Welcome to 231 Greenwood Ave unit #2. Well-maintained 2+1 -bedroom, 1-bathroom unit available for lease off Springbank Dr in the Kensal Park area of London. This bright and clean unit offers updated finishes, including modern flooring throughout and an updated bathroom and kitchen with ample cabinetry and full-size appliances. There are two bedrooms on the main level and a third in the lower level along with a family room. Laundry is conveniently located in the basement. Neutral tones throughout create a fresh and comfortable living space. Also comes with a fenced in private outdoor patio to BBQ and play area. Available at $2000/month plus $100 for water plus tenant is also responsible for heat and hydro. Located close to downtown, transit routes, shopping, and everyday amenities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.50M

Down payment30% · $450K

Interest rate6.25%

Amortization25 years

Occupancy89%

Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

130,478

Households

48,583

Median income

$110,500

Median age

32.4

Daytime population

152,340

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 2 - 231 GREENWOOD AVENUE, London South (South D).

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.