For Lease · Multifamily

301 - 19 CENTRE STREET W, Strathroy-Caradoc (NW)

301 - 19 CENTRE STREET W, Strathroy-Caradoc (NW), ON N7G1Y5

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

89%

About this property

Brand new 2 bedroom, 1.5 bathrooms for lease. The building is located downtown walking distance to all amenities. Open concept kitchen, dining and living room. Both bedrooms with terrance doors facing south. In floor heat with vinyl floors, 5 appliances, 2nd floor unit. Apartment has 3 ductless AC units, heat and water included. Tenants pay hyrdro, 1 parking spot. Call for more information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

99,075

Households

39,557

Median income

$63,000

Median age

36.9

Daytime population

140,342

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 301 - 19 CENTRE STREET W, Strathroy-Caradoc (NW).

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.