Business For Sale · Multifamily

5 Ash's Lane, Trinity

5 Ash's Lane, Trinity, Newfoundland & Labrador A0C2S0

$249,900 total

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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

99%

Year Built

1940

About this property

Tucked into the heart of historic Trinity, next door to the Holy Trinity Roman Catholic Church, Trinity Suites offers a rare blend of independence, comfort, and timeless heritage charm. This well-appointed property features two fully self-catered suites, including a cozy one-bedroom apartment and a spacious two-bedroom apartment, making it truly move-in ready. Each suite enjoys its own private entrance, a full kitchen, a comfortable living area, and thoughtful details throughout that create a welcoming home-away-from-home atmosphere. Ideally located within walking distance to Trinity’s cafés, shops, theatre performances, and scenic coastal trails, this property allows guests to fully experience the culture, history, and coastal beauty of one of Newfoundland’s most beloved communities. Whether envisioned as a turnkey vacation rental or a unique income-generating opportunity, Trinity Suites presents an exceptional offering in a setting rich with character, charm, and lasting appeal. (id:66811)

Financial sandbox

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Estimate
Purchase price$250K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$12K

Annual cash flow

$-2K

Cash-on-cash

-2.25%

DSCR

0.88

Going-in cap

4.87%

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

80,002

Households

32,924

Median income

$70,500

Median age

36.8

Daytime population

117,150

5-yr growth

6%

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

Secure deal room

Confidential diligence documents for 5 Ash's Lane, Trinity.

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.