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Apartment Building For Sale at 300 OXFORD STREET E in London, Ontario

4 Sale ID #299473
Updated 09 Dec 2024

Asking Price

$1,052,500

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

4 residential units in a prime downtown location. Close to Western University and on major bus routes to Fanshawe College, ideally positioned for consistent rental demand. Situated in one of Londons most desirable areas, tenants enjoy the convenience of being close to groceries, shopping, nightlife, and other downtown amenities. The property also offers plenty of parking spots, a rare find in this area. Valid City of London Rental License. **** EXTRAS **** Must be purchased with 302 Oxford St. E (MLS: X9509851) (id:39198)

  • MLS® : #X9509823
  • Date Listed : 24 Oct 2024

Location

Province

Ontario

City

London

Address

300 Oxford Street E

Postal Code

N6A1V4

Location Highlights

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Listed by

REAL BROKER ONTARIO LTD Ontario listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,052,500

Asking Price

$1,052,500

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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