Business For Sale · Specialty

162 SIXTH AVENUE, Kitchener

162 SIXTH AVENUE, Kitchener, ON N2C1R3

$1.9M total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

89%

Lot Size

0.499 ac

About this property

Beautiful Freestanding Church Property Exceptional opportunity to own a beautiful freestanding church property featuring INS-1 zoning. This well-maintained property offers a welcoming worship space with a beautiful interior, thoughtfully designed to accommodate religious services, community gatherings and various institutional activities. The building features a spacious main sanctuary, a dedicated pastor's office/room, and separate media rooms. The basement offers a full kitchen, separate men's and women's washrooms, and additional space for gatherings and community functions. A utility/storage room located at the rear of the church provides convenient additional storage. The property also offers ample on-site parking with clearly marked parking spaces, providing convenience for congregation members and visitors.The SQFt is estimated . A wonderful opportunity for a church congregation or eligible institutional organization looking for a freestanding property with functional amenities, beautiful interior finishes and institutional zoning. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$109K

Annual cash flow

$3K

Cash-on-cash

0.59%

DSCR

1.03

Going-in cap

5.72%

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

79,401

Households

36,800

Median income

$95,000

Median age

33.2

Daytime population

87,971

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 162 SIXTH AVENUE, Kitchener.

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.