For Sale · Multifamily

1367 DIAMOND STREET, Clarence-Rockland

1367 DIAMOND STREET, Clarence-Rockland, ON K4K0M6

$724,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

95%

About this property

***OPEN HOUSE SUNDAY FROM 2-4 PM @ 2529 GRAY CRES, ROCKLAND.*** Property available for possession starting October 1st! This "Azur" model is a purpose-built 2-storey home featuring a legal secondary dwelling unit. The main unit boasts 1,744 sq/ft of living space, 3 bedrooms, 1.5 baths, a 2-car garage, an open-concept layout, and beautiful finishes throughout, with central air conditioning included in the purchase price. The basement unit features 1 bedroom, 1 bath, a separate entrance, and is fully legal and self-contained from the main unit. Situated on a premium pie-shaped lot, the home offers an oversized backyard with plenty of space to enjoy the outdoors. Located in Morris Village, a newly developed community offering the perfect blend of tranquility, nearby amenities, and a convenient 25-minute drive to Ottawa. Built by Landric Homes (the multi-award-winning ''Construction LaVerendrye'' in Quebec), renowned for their craftsmanship, reliability, and on-time project delivery, this home reflects the standard they bring to every community they build. The home is currently under construction, with an anticipated closing date of October 2026. Price, specifications, and details are subject to change without notice. Price shown is net of new rebates; such rebates are subject to the enactment of federal and provincial legislation, and the purchase price is at all times subject to the terms of any Agreement of Purchase and Sale between the builder and the buyer. (id:66811)

Financial sandbox

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Estimate
Purchase price$725K
Down payment30% · $217K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$31K

Annual cash flow

$-9K

Cash-on-cash

-4.31%

DSCR

0.77

Going-in cap

4.25%

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

70,362

Households

25,042

Median income

$70,000

Median age

41.5

Daytime population

107,529

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 1367 DIAMOND STREET, Clarence-Rockland.

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.