1/18822 MARLBOROUGH STREET N, Cornwall
822 MARLBOROUGH STREET N, Cornwall, ON K6H4B4
$3.2M 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
90%
Lot Size
12000 ac
About this property
This great twelve-unit apartment building is a standout opportunity in Cornwall's competitive rental market, where quality units lease almost immediately due to strong demand and limited supply.Perfectly positioned in prime North Cornwall, it's just minutes from FreshCo for everyday shopping, excellent schools, beautiful parks, and the popular Cornwall Aquatic Centre featuring a competition pool, leisure pool, two-storey waterslide, and whirlpool.Tenants enjoy modern finishes, a peaceful family-friendly neighbourhood, and unbeatable convenience to everything they need. Sitting on over an acre with excellent long-term growth potential, this turnkey multifamily asset offers reliable cash flow and real upside in one of Eastern Ontario's most promising communities. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$15K
Projected NOI
$131K
Annual cash flow
$-47K
Cash-on-cash
-4.86%
DSCR
0.74
Going-in cap
4.08%
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
95,151
Households
37,612
Median income
$136,000
Median age
36.5
Daytime population
93,377
5-yr growth
2.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 822 MARLBOROUGH STREET N, Cornwall.
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.