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$2.0M total
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
96%
An Incredible opportunity to own an exceptionally well-maintained four (4)-plex townhouse property backing onto a scenic bike and walking trail in the desirable Aldershot North Shore Rd neighbourhood. Proudly owned by the same owner for over 30 years, this quadplex features four identical units, each offering 3 bedrooms, 1.5 bathrooms, a private yard, full basement, and spacious kitchen, dining, and living areas. Fully tenanted on a month-to-month basis, the property has been meticulously cared for and updated over the years, including newer roof, windows, furnaces, central air conditioners, and updated kitchens and bathrooms. Parking for up to 8 vehicles is available at the rear of the building. Please note that not all units may be available for showings-refer to virtual tour, photos, and floor plans where possible. Tenants pay their own gas and hydro with separate meters. Excellent tenants in place who pay on time. Prime location with easy access to major routes (QEW/403/407 and GO Station), and within walking distance to downtown Burlington, the lakefront, beach, hospital, and surrounded by peaceful greenspace. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$74K
Annual cash flow
$-37K
Cash-on-cash
-6.15%
DSCR
0.67
Going-in cap
3.70%
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
124,462
Households
44,975
Median income
$124,000
Median age
36
Daytime population
111,133
5-yr growth
6.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 648-654 FRANCIS ROAD, Burlington (LaSalle).
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.