For Lease · Multifamily

BASEMENT UNIT - 515 STONE STREET, Oshawa (Lakeview)

BASEMENT UNIT - 515 STONE STREET, Oshawa (Lakeview), ON L1J1A4

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

84%

About this property

Lake front and Offered for lease . 2 Bedroom Look Out basement apartment in a Triplex available for lease ,Each Floor ( unit ) is for lease, Each unit has his Own water tank ,Separate utilities and Separate Entrances and Fire exits .Walk to schools, Rec Centre and Lake Ontario's Walking Trail, Tenant to pay utilities; credit bureau, application and proof of income required (id:66811)

Financial sandbox

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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

40,888

Households

15,497

Median income

$89,500

Median age

45.7

Daytime population

37,546

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for BASEMENT UNIT - 515 STONE STREET, Oshawa (Lakeview).

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.