For Lease · Multifamily

LOWER - 46 RIDGEWAY AVENUE, Barrie (Allandale Heights)

LOWER - 46 RIDGEWAY AVENUE, Barrie (Allandale Heights), ON L4N5L2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

87%

About this property

Bright, spacious 1 bedroom, 1 and 1/2 bathroom unit for lease in a great neighbourhood. Exclusive use of the back yard, and two car driveway parking. Carpet-free bedrooms and living space. Come check it out! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

53,799

Households

19,201

Median income

$128,500

Median age

34.8

Daytime population

70,314

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for LOWER - 46 RIDGEWAY AVENUE, Barrie (Allandale Heights).

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.