CLICK TO PLAY VIDEO TOUR
Overview:
Number of Suites: 53 (5 Bach, 12 1BR, 29 2BR, 7 3BR)
Attractive Investment Opportunity
This investment opportunity offers a good cap rate on entry in an A-Level rental asset situated in a very desirable rental market with both immediate and long term upside potential. Assumable mortgage of approximately $6.85M remaining principal runs until 2030, vendor is amenable to holding a vendor take back mortgage to prop up the overall loan to value!
Prime Rental Market
London’s half-million population is fueled by immigration and appeal to students attending Western University (less than 10 minutes away). London’s economy is robust, with strengths in healthcare, education, manufacturing, and technology, anchored by major employers like London Health Sciences Centre and Western University. This economic diversity supports job growth, attracting young professionals and families who increase rental demand.
Ideal Location
The building is walking distance to Victoria Hospital & Children’s Hospital, and within very close proximity to VIA Rail London Train Station, Riverside, several parks and restaurants, and Highway 401. Property also enjoys close proximity to downtown amenities, transit, and educational institutions.
High Quality Asset
The subject property has been well maintained and cared for with various recent upgrades, renovations and modernizations. These include but are not limited to various suite interiors, new laundry room, elevator modernization, heating boilers, domestic hot water boilers, plumbing, lighting, stairwells, etc.
London
