For Lease · Multifamily

B - 163 ALBERT STREET, Belleville (Belleville Ward)

B - 163 ALBERT STREET, Belleville (Belleville Ward), ON K8N3N5

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

94%

About this property

Freshly renovated two-level apartment for lease in Belleville's East End, featuring a large fenced yard and one dedicated parking space. This unique unit offers a functional eat-in kitchen, comfortable living area, in-suite laundry, and a renovated bedroom and bathroom, making it an ideal option for a working professional or couple. Heat and water are included in the rent, with hydro payable by the tenant. Tenant is responsible for lawn maintenance and snow removal. Available immediately. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

138,219

Households

49,001

Median income

$132,000

Median age

39.1

Daytime population

192,612

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for B - 163 ALBERT STREET, Belleville (Belleville Ward).

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.