For Lease · Multifamily

MAIN - 279 CHARLOTTE STREET, Central Elgin (Port Stanley)

MAIN - 279 CHARLOTTE STREET, Central Elgin (Port Stanley), ON N5L1A8

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

92%

About this property

Beautiful Fully Furnished Main-Level Apartment for Lease! This bright, inviting, and spacious 2-bedroom, 1-bathroom home offers comfortable, turnkey living in a fantastic location. Step outside to your private back deck overlooking a beautiful backyard-perfect for relaxing or entertaining. Just a short walk to the beach, you'll enjoy the best of lakeside living with all the comforts of home. Move-in ready and fully furnished-this is a rare rental opportunity you won't want to miss! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

47,052

Households

17,186

Median income

$104,000

Median age

33.7

Daytime population

56,000

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for MAIN - 279 CHARLOTTE STREET, Central Elgin (Port Stanley).

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.