For Lease · Multifamily

A - 979 COUNTY ROAD 30, Brighton

A - 979 COUNTY ROAD 30, Brighton, ON K0K1H0

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

95%

About this property

Duplex with a 2 bedroom apartment for lease on large acreage just outside of Brighton. This rental unit is situated on the main floor of a 100-year-old farmhouse. This spacious ground-floor apartment has large principal rooms with hardwood and vinyl flooring. No carpet in this space. The primary Bedroom has a walk-in closet and loft-style barn doors. The second bedroom has glass sliding doors leading outside onto a large private rear deck. The suite has a 3-piece bath (no tub) and laundry hookups if the tenant has a washer & dryer. Otherwise, a shared laundry room is available on the main level for both the upper and main floor tenants. Open-concept kitchen & dining room area. A fridge, stove, and dishwasher are all included for tenants use. Tenant to pay $1850 plus 50% of the heat(propane),and 50% of the hydro. This property is on a drilled well (UV light installed) and septic, so no water bill for occupants. Parking spaces for 2 vehicles are included in the lawful rent. The attached garage is not included or available for the main floor unit. Applicants will be subject to a credit check, and proof of employment or income will be required to determine affordability. This property is a duplex with a second tenant on the top floor. The main floor is currently occupied until August 31st. Propane heat with separate furnaces for each unit, but shared propane tank. Currently occupied so please give 24 hours' notice for showings. 1 minute North of 401 for easy highway commuting and only a five-minute drive to downtown Brighton. Lots of space inside and outside plus a very private and serene rural setting. View today. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

45,473

Households

20,525

Median income

$68,500

Median age

41.4

Daytime population

68,797

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for A - 979 COUNTY ROAD 30, Brighton.

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.