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$650,000 total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
87%
Lot Size
0.24 ac
Opportunity to own a fully renovated 2-storey home currently configured in a duplex layout with two kitchens, 3 bedrooms and 2 bathrooms on a large lot. See L/A regarding duplex status. The upper level offers a 2-bedroom unit, while the lower level features a 1-bedroom unit, providing flexibility for tenants, extended family or multi-generational living. The property features 2 separate driveways, a large backyard and 2 separate furnaces. Extensive improvements have been completed, including updated kitchens, bathrooms, roof, plumbing, electrical systems, windows, insulation and furnaces. The property will be provided with vacant possession and features generous parking that will accommodate multiple vehicles with ease, a huge backyard and rear-yard rough-ins for additional structures that could be built (subject to permits and all required municipal approvals).This flexible layout is well-suited for multi-generational living, two related families, and/or could be easily reconfigured into a spacious single-family home. The existing floor plan also offers potential to create additional bedrooms, offering further flexibility for future use. Conveniently located near schools, medical services, places of worship, shopping and major transportation routes, with quick access to Highways 6 and 89.Please Review Available Marketing Materials Before Booking A Showing. Please Do Not Walk The Property Without An Appointment. (id:66811)
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Monthly debt service
$3K
Projected NOI
$22K
Annual cash flow
$-14K
Cash-on-cash
-7.37%
DSCR
0.60
Going-in cap
3.33%
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.
Trade area within 3 miles of the property.
Population
144,404
Households
60,740
Median income
$120,500
Median age
33.6
Daytime population
224,335
5-yr growth
6.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 330 WILLIAM STREET, Wellington North (Mount Forest).
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.