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$769,900
London East
235 Hamilton Road, London East (East L), Ontario, N5Z1P9
This multi-family property in London East is for sale.
FULLY LEASED ALMOST $2,500/Month Positive Cashflow! Legal 5-unit property offering exceptional cash flow, featuring four spacious 2-bedroom units and one large 3-bedroom unit, each with their own full bath, kitchen, and own in-suite laundry. Meticulously updated and generously sized, every unit has its own hydro meter and separate entrance. Ideally located on a key arterial road just 2 km from the city's central business and administrative corridor, this property is surrounded by amenities that make it highly desirable for tenants, including public transit at the doorstep, grocery stores, restaurants, schools, and healthcare facilities within walking distance. It is also very close to the London Health Sciences Centre, Vauxhall Park, Boyle Memorial Park, and several community centres. The prime location supports its continued use as a strong multi-residential asset, offering excellent connectivity, access to essential services, and a stable urban setting conducive to long-term tenancy. Annual income of $90k + this is an outstanding investment opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 135 days on market, against an average age of 70 days across the listings currently for sale in this city
This 11-bed multi-family in London East (East L) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $769,900, about 11.9× the local median household income of $64,500.
Carrying it typically needs a household income of about $150,388 (20% down, 25-yr amortization, stress-tested) — roughly 133% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Z)
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Loading rates, 30-yr amortization
Cash Needed to Close
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