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For Lease · Multifamily

163 ALBERT STREET, Belleville (Belleville Ward)

163 ALBERT STREET, Belleville (Belleville Ward), ON K8N3N5

Price on request

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

98%

About this property

Charming two-storey, 3-bedroom, 1.5-bathroom home located in Belleville's desirable Old East Hill, close to BGH, schools, parks, and downtown amenities. Featuring new flooring throughout, this home offers a formal living and dining room, plus a bright flex room overlooking the backyard with a gas fireplace and convenient 2-piece bath. Upstairs includes three bedrooms and a spacious 4-piece bathroom. The full unfinished basement provides laundry facilities and ample storage space. Lease rate includes water and gas; Tenant is responsible for electricity. Three tandem parking spaces included. Available December 1st! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

92,566

Households

39,285

Median income

$91,000

Median age

42.6

Daytime population

113,466

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 163 ALBERT STREET, Belleville (Belleville Ward).

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.