For Sale · Multifamily

10, 16 (THE CANAL) - 14 HOLLAND STREET, St. Thomas

10, 16 (THE CANAL) - 14 HOLLAND STREET, St. Thomas, ON N5R4S2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

99%

About this property

Spacious, Renovated 1 & 2 Bedroom Suites at 14 Holland Street. Fresh Look. Quiet Street. Unbeatable Convenience. Welcome home to The Holland, a refreshed residential building in the heart of St. Thomas. These spacious, newly renovated one- and two-bedroom suites have room for your lifestyle, whether you're a young family, a pair of roommates, hospital staff, or downsizing to something simpler. Move-In Incentive 2nd month FREE $500 referral bonus for anyone who refers a new tenant. Suite Features Spacious, newly renovated 1 bedroom and 2-bedroom suites Individually controlled air conditioning. Central radiant heat plus an individually controlled heat pump. Keyless, secure entry. What's Included: Gas, One parking spot (a second spot is available for an additional fee), Building-wide fibre internet with a free router and TV box: no setup fees or equipment rentals, Free 2-week trial of an Individual YMCA Essentials Membership per resident. Other utilities are sub-metered through Wyse. Building Amenities Closed-circuit camera security in the parking lot, entrances, and interior common areas Freshly updated on-site shared laundry room Large fenced-in backyard green space Pet-friendly, with an outdoor pet area, Bike racks, Non-smoking building, Professionally managed by Vantage Property Management, with prompt service. Location Steps to St. Thomas Elgin General Hospital (STEGH), schools, transit, shopping, and restaurants. A 10-minute walk to Pinafore Park and Lake Margaret, with scenic walking trails and peaceful lake views A 10-minute drive to Port Stanley beach. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

132,256

Households

51,617

Median income

$62,000

Median age

38.7

Daytime population

138,691

5-yr growth

6.2%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 10, 16 (THE CANAL) - 14 HOLLAND STREET, St. Thomas.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.