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Business For Sale · Multifamily

346 ALBANY STREET, Fort Erie (Lakeshore)

346 ALBANY STREET, Fort Erie (Lakeshore), ON L2A1L9

$475,000 total

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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

94%

About this property

Charming Two-Unit Property - A Versatile Investment Opportunity or Excellent for family with InLaw set up! Discover the potential of this two-unit residential property, offering a versatile layout ideal for investors or buyers seeking additional living space. The main-level unit features two bedrooms, a four-piece bathroom, a spacious living and dining area, and a galley-style kitchen. The upper unit offers a large bedroom, a four-piece bathroom, and an open-concept kitchen and living area, creating a comfortable and functional living space. With two separate living units, this property presents an opportunity for rental income or flexible living arrangements. Whether you're looking to expand your investment portfolio or explore the possibilities of multi-unit living, this property is worth a closer look. Hardwood and tile flooring throughout. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$475K
Down payment30% · $143K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$-7K

Cash-on-cash

-4.90%

DSCR

0.73

Going-in cap

4.07%

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

119,715

Households

44,591

Median income

$116,500

Median age

37.5

Daytime population

160,672

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for 346 ALBANY STREET, Fort Erie (Lakeshore).

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.