1/38512 THORNDALE Drive, Waterloo
512 THORNDALE Drive, Waterloo, ON N2T2A2
$729,900 total
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
82%
Year Built
1989
About this property
OPPORTUNITY KNOCKS!!! 3 bedroom bungalow complete with a lower-level apartment, conveniently located with Waterloo's Westvale neighbourhood. The main floor offers a full kitchen opening onto the dining area and living room, with walk-out to deck. The three good sized bedrooms are well situated on the main-floor along with the full bathroom. This unit is completed with the 2-car garage and in-suite laundry. The lower level walk-out unit offers its own entrance with a mud-room area, an open concept and well sized kitchen and living room, two large bedrooms, a full bathroom, in-suite laundry and an additional storage room. This home is ideal for the home buyer looking for a mortgage helper, the multi-generational family, or the investor. 512 Thorndale is situated within walking distance to the Ira Needles Boardwalk amenities and still just a short drive to Uptown Waterloo and both Universities. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$26K
Annual cash flow
$-15K
Cash-on-cash
-6.77%
DSCR
0.63
Going-in cap
3.51%
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
76,702
Households
35,249
Median income
$70,500
Median age
39.2
Daytime population
110,699
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 512 THORNDALE Drive, Waterloo.
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.