1/43769 PRINCES Street N, Kincardine
769 PRINCES Street N, Kincardine, ON N2Z2Y5
$800,000 total
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Asset Class
Multifamily
Size
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Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
85%
Lot Size
0.34 ac
About this property
Expand your investment portfolio with this well-maintained brick multi-plex in central Kincardine. Featuring five (+1) fully rented one-bedroom units, the property offers an established rental income stream in a convenient, downtown location. Just steps from Victoria Park, tenants can enjoy everything Kincardine has to offer. Updates over the years include; a Natural Gas Boiler (2015), roof shingles (2012), water heater (2019), exterior paint (2018), several kitchen renovations, paint and flooring improvements. Separate hydro meters for five units. With its central location and proximity to Bruce Power, this property presents an appealing opportunity for investors seeking long or short-term rental income. Showings require a minimum of 24 hours' notice. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$24K
Annual cash flow
$-21K
Cash-on-cash
-8.56%
DSCR
0.54
Going-in cap
2.97%
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
93,553
Households
42,748
Median income
$115,000
Median age
31.9
Daytime population
156,796
5-yr growth
1.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 769 PRINCES Street N, Kincardine.
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.