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Business For Sale · Multifamily

221 WALTON STREET, Port Hope

221 WALTON STREET, Port Hope, ON L1A1P1

$809,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

90%

About this property

Unlock the potential of this legal 4-plex, offering over 3,500 sq. ft. (MPAC) of rentable space in a high-demand location. All four units are fully above grade and self-contained, comprising two spacious two-bedroom units and two one-bedroom units. The property has been renovated, with three units currently tenanted and one vacant, providing immediate income with the opportunity to place a new tenant at current market rent. Located in historic downtown Port Hope, residents enjoy walkable access to shops, cafs, amenities and public transit, along with convenient access to VIA Rail and Highway 401-ideal for attracting a broad tenant base. A rear addition overlooking a peaceful ravine adds to the property's appeal. Whether you're expanding your portfolio or seeking a repositioning opportunity, this property's size, location and configuration make it a rare find. With strong rental demand in one of Ontario's most desirable small towns, this is a smart investment ready for its next chapter. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$809K
Down payment30% · $243K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$30K

Annual cash flow

$-15K

Cash-on-cash

-6.30%

DSCR

0.66

Going-in cap

3.65%

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

43,613

Households

15,156

Median income

$76,500

Median age

38.1

Daytime population

53,297

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 221 WALTON STREET, Port Hope.

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.