1/1215 WAUCHOPE AVENUE, Cambridge
15 WAUCHOPE AVENUE, Cambridge, ON N1R1A6
$1.1M total
6,189 SF
Asset Class
Multifamily
Size
6,189 SF
Building class
A
Zoning
RF6 — Medium Density
$ / SF
$178
Occupancy
90%
About this property
Amazing opportunity for multi-family investors to acquire an excellent brick 6-unit apartment building (5 x 2b, 1x bach) with strong value-add potential. Fantastic curb appeal. Owner operated and managed. Large laundry area and plenty of on-site parking. Recently paved parking area. Close to all amenities. Separate hydro meters. Flat roof- 2016. One vacant 2b unit. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$48K
Annual cash flow
$-13K
Cash-on-cash
-4.05%
DSCR
0.78
Going-in cap
4.33%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Cascade Foods Inc. | 3,549 SF | 2031-11 |
| Cascade Foods Inc. | 1,287 SF | 2031-11 |
| Cascade Foods Inc. | 473 SF | 2032-11 |
| Cascade Foods Inc. | 400 SF | 2031-11 |
Area demographics
Trade area within 3 miles of the property.
Population
116,999
Households
42,281
Median income
$71,500
Median age
41.3
Daytime population
151,707
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 15 WAUCHOPE AVENUE, Cambridge.
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.