For Lease · Multifamily

3 - 15 BOLTON AVENUE, Thorold (Thorold Downtown)

3 - 15 BOLTON AVENUE, Thorold (Thorold Downtown), ON L2V3H5

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

84%

About this property

Welcome to this spacious two-bedroom, one-bath apartment available for lease in a well-maintained, quiet smoke-free building. Priced at $1,600.00 + Hydro (water included), this approximately 900+ sq ft unit offers ample closet space and features a portable AC unit for year-round comfort. The kitchen is equipped with refrigerator, and range, while the bathroom includes a convenient tub/shower combination. Situated on a peaceful street, the secured building is just minutes from downtown Thorold, with major bus routes nearby, providing easy access to schools, parks, the Welland Canal path, the library, and shopping, including the Pen Centre just 10 minutes away. On-site laundry facilities and a parking spot are included for added convenience. This is an ideal option for mature adults in search of a clean and tranquil living environment. First and last month's rent is required along with a Single Key Application. Schedule your viewing today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

54,100

Households

25,653

Median income

$77,500

Median age

40.4

Daytime population

82,321

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for 3 - 15 BOLTON AVENUE, Thorold (Thorold Downtown).

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.