LiveMLS 40841808CMHC / MLI Select

235 HAMILTON Road · 5-unit multifamily

London, ON · 5-unit multifamily · 5 units

$769,900listed

Price at 5.75% cap

London market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Nov 3

What this listing is

235 HAMILTON Road is a 5-unit multifamily in London, ON, asking $769,900 — $153,980 per door.

That sits below the London band of $210k - $360k per door. London cap rates screen 4.5% - 5.8% and average rent runs about $1,900 a door.

At 5 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

The London desk underwrites vacancy at 3.5% - 5% and operating expenses at 34% - 44% of gross rent.

Asking price: $769,900
Units: 5 units
Property type: 5-unit multifamily
Location: London, ON
Price per door: $153,980
London cap band: 4.5% - 5.8%
London average rent: $1,900

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the price at a 5.75% cap — opens with a free account.

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