2050 Kains Road and 1814 Shore Road, London, ON
2050 Kains Road and 1814 Shore Road, London, ON, N6K 0A6
Sold
Property Highlights
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- 162 Townhome Rental units has been sold for $56.2 million, and assume the combined $24.0 million in mortgages, which carry interest at a stated blended rate of 3.0% for a remaining term to maturity of approximately 4 years. Closing is anticipated in October 2025.
- The 3 bedrooms are inline units and on average are 1,450 SF with 1.5 baths while the 4 bedrooms are around 1,750 SF with 2.5 baths, end cap units. The 3 bed units are being marketed for lease at $2,650+ per month. The 4 bed units are being marketed for lease for around $2,850+ per month.
- Equipped with on-site property management/service, air conditioning, garage with inside access, five appliances, deck, paved driveway, and free common area snow removal and grass cutting.
- All homes include A/C and 8'x8'pressure-treated deck.
- Garage door with inside access. Laminate in the living room/dining room. The kitchen appliances are stainless steel.
Property Details
- Price: $56,200,000
- Property Type: Mixed Use
- Availability: Closed
- Transaction Type: Sold
Financial Summary
Investment Highlights
| Price | $0.00 |
| Price / Unit | $0.00 |
| Gross Rent Multiplier | 0.00 |
| Proposed Loan Amount | $0.00 |
| Initial Investment | $0.00 |
Income & Expenses
Income |
Potential |
Current |
Expense |
Potential |
Current |
Total Expenses |
$ 0.00 |
$ 0.00 |
| Net Operating Income | $0.00 | $0.00 |
| Less Debt Service | $0 | $0 |
| Potential Net Cash Flow | $0.00 | $0.00 |
| Cash on Cash Return | 0.00 % | 0.00 % |
| Capitalization Rate | 0.00 % | 0.00 % |
Rent Roll
Unit |
BR/BA |
Current Monthly Rent |
Potential Monthly Rent |
Status |
Lease Expires |
|
Totals |
$ 0.00 |
$ 0.00 |
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