For Sale · Multifamily

54 FRONT STREET S, Thorold (Thorold Downtown)

54 FRONT STREET S, Thorold (Thorold Downtown), ON L2V1X1

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

92%

About this property

Brand new 1-bedroom large suite featuring modern finishes and all-new appliances, located in a secure and well-maintained building. Situated in a convenient downtown Thorold location, this unit offers easy access to public transit, shopping, restaurants, and schools. Directly across from Battle of Beaverdams Park. Rent includes water and gas. The building offers on-site coin-operated laundry facilities on each floor and is locally owned and professionally managed. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

92,839

Households

42,126

Median income

$68,000

Median age

38.3

Daytime population

130,018

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 54 FRONT STREET S, Thorold (Thorold Downtown).

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.