For Lease · Multifamily

UNIT 1 - 751 PHILLIP MURRAY AVENUE, Oshawa (Lakeview)

UNIT 1 - 751 PHILLIP MURRAY AVENUE, Oshawa (Lakeview), ON L1J1J2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

85%

About this property

INCLUDED: WIFI internet, lawn care, snow removal, and access to a shared backyard with BBQ and picnic table. Furniture can be included as well. Welcome to this bright and spacious main-floor 3-bedroom home offering modern, low-maintenance living without compromising on space. Large windows fill the home with natural light, while the open-concept kitchen, living, and dining areas create an inviting space for everyday living and entertaining. The kitchen features ceramic tile flooring, plenty of cabinetry and counter space, and overlooks the living and dining areas. Hardwood flooring runs throughout the living room, dining room, hallway, and all three bedrooms, with no carpet anywhere in the home. A bright4-piece bathroom completes the space .One of the standout features is the enormous private composite front deck, creating an incredible outdoor living area. You'll also enjoy exclusive use of the large interlocking front patio and two dedicated parking spaces, giving you plenty of room to relax, entertain, or enjoy your morning coffee. WIFI internet is included in the rent, and the home is equipped with an efficient on-demand tankless hot water system. The landlord also takes care of lawn maintenance and snow removal, making day-to-day living that much easier, while the shared backyard includes a BBQ and picnic table for everyone to enjoy. The landlord is also willing to rent the home fully furnished, making it an excellent option for professionals, those relocating, or anyone looking for a move-in-ready home. Responsive professional property management provides added peace of mind. Located close to parks, schools, shopping, transit, and everyday amenities, this is a fantastic opportunity to lease a spacious home with exceptional outdoor space and convenient, low-maintenance living. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

111,145

Households

43,332

Median income

$121,500

Median age

33.4

Daytime population

135,316

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for UNIT 1 - 751 PHILLIP MURRAY AVENUE, Oshawa (Lakeview).

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.