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Investment signal

$1,299,000

745 & 749 HAMILTON ROAD

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Beds

Baths

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Sqft

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Year

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Type

Multi-family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East M). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional 12-unit investment opportunity in the heart of London, offering strong in-place income and scale across two properties at 745 & 749 Hamilton Road. Currently generating $176,700 in annual gross income with a solid NOI of $152,242, this asset delivers an impressive ~11.7% cap rate at the list price. The property features a diverse unit mix including 1-bedroom units, bachelor units, a triplex component, plus additional income streams from a rear commercial/shop space, parking, and storage. Several units have tenant-paid utilities, improving operational efficiency and reducing landlord exposure. Strategically located along a high-traffic corridor with excellent transit access, this property benefits from consistent tenant demand and long-term rental stability. A rare opportunity for investors seeking strong cash flow with upside potential through rent optimization and further expense control. (id:65958)

Subtype: Multi-family
Structure: Multi-Family
Community: East M
Living area: 2,800 square feet
Lot dimensions: 21 x 140 FT ; Both properties are angled side by side.
Parking: 14 total
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $9,250
Zoning: AC 4-5
Photos: 12
MLS#: X13036168
Area: LONDON_EAST_(EAST_M)

Features and systems

Heating

Other

Cooling

Fully air conditioned

Negative cash flow ~$1,390/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.42%

Cap rate

3.58%

GRM

16.7

Break-even rent

$7,963

Financing

Down payment$259,800

Loan amount$1,039,200

Mortgage$5,265/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$595

Insurance$80

Maintenance$1,083

CapEx reserve$541

Vacancy loss$325

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $5,265/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.