For Sale · Multifamily

2 - 303 MOFFAT STREET, Orillia

2 - 303 MOFFAT STREET, Orillia, ON L3V4E9

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

96%

About this property

This bright and affordable one-bedroom, one-bath unit at 303 Moffat Street in Orillia is move-in ready and includes all utilities, offering a clean and comfortable space with its own private entrance. The location is unbeatable, just a four-minute drive to Mariposa Market and the vibrant downtown strip filled with shops, cafes, and restaurants, and only seven minutes to Couchiching Beach for lakeside walks and summer fun. With its convenient access to amenities, low-maintenance living, and welcoming atmosphere, this unit is the perfect choice for anyone looking for a clean, practical, and well-located place to call home in Orillia. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

54,042

Households

23,073

Median income

$122,000

Median age

38.5

Daytime population

75,959

5-yr growth

1.5%

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

Secure deal room

Confidential diligence documents for 2 - 303 MOFFAT STREET, Orillia.

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.