1/92 - 62 GRAY STREET, Severn (Coldwater)
2 - 62 GRAY STREET, Severn (Coldwater), ON L0K1E0
Price on request
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Asset Class
Multifamily
Size
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Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
86%
About this property
Be the first to live in this beautiful, brand-new 1-bedroom, 1-bathroom unit located in a quiet and peaceful neighbourhood. Never before occupied, this home offers modern finishes, comfortable living, and the convenience of in-unit laundry. Located close to all amenities, including shopping, dining, schools, and everyday essentials. Parking is included with space for two small cars or one SUV. Utilities are additional. Snow removal is included and taken care of by the owners, making winter living easy and convenient.A fantastic opportunity to enjoy brand-new, low-maintenance living in a quiet neighbourhood while being close to everything you need! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$71K
Annual cash flow
$-12K
Cash-on-cash
-2.69%
DSCR
0.85
Going-in cap
4.74%
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
127,182
Households
59,350
Median income
$108,500
Median age
34.2
Daytime population
154,659
5-yr growth
2.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 2 - 62 GRAY STREET, Severn (Coldwater).
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.