Business For Sale · Multifamily

330 WILLIAM STREET, Wellington North (Mount Forest)

330 WILLIAM STREET, Wellington North (Mount Forest), ON N0G2L3

$650,000 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

87%

Lot Size

0.24 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 330 WILLIAM STREET, Wellington North (Mount Forest).

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.