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For Sale · Multifamily

740 LAVAL STREET, Casselman

740 LAVAL STREET, Casselman, ON K0A1M0

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

88%

About this property

Spacious upper-unit rental in the heart of Casselman offering plenty of room both inside and out. The bright, open-concept main level is highlighted by cathedral ceilings and features a large kitchen with plenty of cabinetry and counter space, along with comfortable living and dining areas. Three good-sized bedrooms are found on this level, including a spacious primary bedroom with his-and-hers closets and convenient cheater access to the main bathroom. The lower level adds even more living space with a family room, additional bedroom and full bathroom, giving you plenty of flexibility for guests, a home office or extra living space. Outside, enjoy a landscaped yard with interlock and a storage shed. Conveniently located close to shopping, restaurants and everyday amenities in Casselman. A great rental with plenty of space and a layout that gives you room to spread 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
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

133,278

Households

62,758

Median income

$67,000

Median age

40

Daytime population

164,264

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 740 LAVAL STREET, Casselman.

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.