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$9,495,000
Available - For Sale
Listing ID: X12285030
An exceptional multi/residential property located in the north end of London, Ontario. This offers investors a chance to compliment an existing_ portfolio or achieve geographic diversification with this turn-key asset. This site has been professionally upgraded with 30 suites in this four storey apartment building with an elevator. 660 Cheapside St. presents a unique value-added opportunity with renovated high end finishes, all with large balconies. A party room/lounge, a gym and both front door and underground parking. Luxury finishes include fireplaces, ceramic tile, laminate floors, all new lighting and carpeted bedrooms. All the units have stainless steel appliances (stove, fridge, dishwasher, washer and dryer). Building is comprised of 15 - 1 bedroom apartments, 7 - 2 bedroom, 6 - 2 bedroom loft apartments and 2 - 3 bedroom apartments. Controlled entry both front door entrance and underground parking. Excellent location in a mature residential area within walking distance to shopping and all your essential needs. Close to playground, schools, churches, and tennis courts. Pride of ownership throughout this investment. Gross income over $659,000.00. Cap Rate Over 5%.
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $49,487.9 $98,975.8 $148,463.7 $197,951.6
First Mortgage $940,270.1 $890,782.2 $841,294.3 $791,806.4
CMHC/GE $25,857.43 $17,815.64 $14,722.65 $0
Total Financing $966,127.53 $908,597.84 $856,016.95 $791,806.4
Monthly P&I $4,137.85 $3,891.45 $3,666.25 $3,391.25
Expenses $0 $0 $0 $0
Total Payment $4,137.85 $3,891.45 $3,666.25 $3,391.25
Income Required $155,169.35 $145,929.53 $137,484.53 $127,171.7

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SUTTON GROUP - SELECT REALTY

660 Cheapside Stre , London East, N5Y 3Y2, Middlesex

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Middlesex
Municipality: London East
Neighbourhood: East C
Style: Other
Lot Size: x 180.41(Feet)
Approximate Age: 51-99
Tax: $71,414
Maintenance Fee: $0
Beds: 47
Baths: 30
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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