availability, eligibility requirements and municipal approval. Based on projected rents of $1, 250 per unit, plus anticipated parking and locker income, the completed project could generate approximately $134, 400 in annual gross revenue and projected NOI of approximately $108, 920. At stabilization, this supports an estimated value of approximately $2, 178, 400 at a 5% capitalization rate or $1, 815, 333 at a 6% capitalization rate. Once completed and stabilized, the property may also qualify for CMHC MLI Select financing, subject to applicable program and lender requirements. The property is conveniently located near Downtown London, transit, employment, shopping and amenities. Complete plans and due diligence package are available upon request. All projections, incentives and financing opportunities are estimates only and should be independently verified by the purchaser. (id:62650)