235 Hamilton Rd
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235 Hamilton Rd
5 Unit Block of Flats £551,894 (£110,379/Unit) 7.50% Net Initial Yield London, ON N5Z 1P9
Investment Highlights
- Access to public transit
- Newly renovated
- Located at a busy intersection
Executive Summary
Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $96,540 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Advertised At $2,000 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Two Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Three Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually.
Property Facts
| Price | £551,894 | Property Subtype | Apartment |
| Price Per Unit | £110,379 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | B |
| Net Initial Yield | 7.50% | Lot Size | 0.13 AC |
| Sale Conditions | High Vacancy Property | Building Size | 3,668 SF |
| No. Units | 5 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1888 |
| Price | £551,894 |
| Price Per Unit | £110,379 |
| Sale Type | Investment |
| Net Initial Yield | 7.50% |
| Sale Conditions | High Vacancy Property |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 3,668 SF |
| Number of Floors | 2 |
| Year Built | 1888 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (71)
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235 Hamilton Rd
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