For Sale · Multifamily

736 ANNLAND STREET, Pickering (Bay Ridges)

736 ANNLAND STREET, Pickering (Bay Ridges), ON L1W1B6

$1.4M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

89%

About this property

Fabulous, 2 Door, Legal Income Property, On Extra Wide Lot With Fire Marshal Approval. Expansive 4 bedroom on main floor with a separate legal 3 bedroom auxiliary dwelling below. Let The Tenants Pay Your Mortgage, With Extra $$$ In Your Pocket, Or Move In & Lease Out Other Unit. Both With Large Principal Rooms & Separate Laundry. Upgrades To Both Units. Newer Roof 2015. Large Deck. 8 Parking. New Flooring in completelty renovated basement. Move In Condition. A Must See For The Pickiest Owner Or Investors!!! Situated in a serene and peaceful neighborhood, this prime location offers unparalleled convenience with direct access to Highway 401, Pickering Town Centre, medical facilities, and esteemed schools. Just a short stroll away, you'll find the picturesque lakefront, charming shops, the inviting beach, Millennium Square, the scenic Waterfront Trail, and Frenchman's Bay Marina. With two nearby parks, a playground, a splash pad, and easy access to the GO Train Station, this property provides a vibrant and well-connected lifestyle. Seize the opportunity to unlock the potential of a highly sought-after duplex in this exceptional area. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.36M
Down payment30% · $408K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$51K

Annual cash flow

$-25K

Cash-on-cash

-6.08%

DSCR

0.67

Going-in cap

3.72%

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

120,786

Households

45,092

Median income

$73,000

Median age

41.1

Daytime population

156,612

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for 736 ANNLAND STREET, Pickering (Bay Ridges).

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.