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For Lease · Multifamily

205 - 30 GEORGE STREET N, Cambridge

205 - 30 GEORGE STREET N, Cambridge, ON N1S2M8

Price on request

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

90%

About this property

A fantastic opportunity to lease a modern, spacious and sun-filled suite in a sought-after Cambridge location! Welcome to Unit 205, a bright and spacious 1-bedroom, 1-bathroom suite in a newer, exclusively rental building completed in 2023/2024, ideally located in the Gaslight District. Offering 656 sq. ft. of thoughtfully designed living space, this inviting unit rent includes heat, air conditioning, water, and one covered dedicated parking space, featuring an open-concept layout, a generously sized bedroom, a 4-piece bathroom, and the convenience of in-suite laundry. Enjoy south-facing sunshine and step outside to your own large private terrace - an exceptional extension of your living space. Set in a quiet, secure building with on-site superintendents and friendly tenants, this is a wonderful place to call home. Experience the comfort and convenience of modern rental living in a welcoming community, steps away from the Grand River, boutique shops, restaurants, amenities and charm of Downtown Galt! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

59,494

Households

21,926

Median income

$117,000

Median age

33.8

Daytime population

74,225

5-yr growth

7.2%

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

Secure deal room

Confidential diligence documents for 205 - 30 GEORGE STREET N, Cambridge.

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.