For Lease · Multifamily

507 COLBORNE STREET W, Whitby (Downtown Whitby)

507 COLBORNE STREET W, Whitby (Downtown Whitby), ON L1N1X7

Price on request

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

83%

About this property

Prime Downtown Whitby Location! Spacious and bright 2-bedroom main floor unit featuring separate living and dining areas, large windows and beautiful hardwood flooring. Ideally situated close to public transit, shopping, medical facilities, library, highway access and all downtown amenities. Coin-operated laundry on site, plus the convenience of one garage parking space. A fantastic leasing opportunity in a highly convenient location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

139,624

Households

52,560

Median income

$118,000

Median age

35.4

Daytime population

134,822

5-yr growth

7.2%

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

Secure deal room

Confidential diligence documents for 507 COLBORNE STREET W, Whitby (Downtown Whitby).

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.