1/1411 PRIVATE DRIVE, Marmora and Lake (Marmora Ward)
11 PRIVATE DRIVE, Marmora and Lake (Marmora Ward), ON K0K2M0
$799,900 total
7,554.11 SF
Asset Class
Multifamily
Size
7,554.11 SF
Building class
A
Zoning
RA8 — Medium Rise
$ / SF
$106
Occupancy
83%
About this property
Prime Investment Opportunity - Fully Occupied 8-plex. Are you in search of a lucrative investment property? Look no further than this well-maintained 8-plex, which is fully occupied and ready to generate steady income. With a combination of four 1-bedroom units, three 2-bedroom units, and on spacious 4-bedroom unit, this property offers a diverse rental portfolio that will appeal to a range of tenants. Each apartment boasts radiant water heating for efficient and comfortable warmth, along with an air exchanger system to ensure fresh air circulation and optimal indoor air quality. The property underwent significant upgrades in 2012, including plumbing, electrical systems, insulation, and drywall ensuring that everything is in top-notch condition. Additionally, a brand-new roof was installed 2023, further enhancing the property's long-term value an reducing future maintenance concerns. This 8-plex is an excellent choice for investors seeking a turnkey property that has been cared for and upgraded, providing both immediate rental income and long-term potential. Don't miss out on this exceptional opportunity! (id:66811)
Financial sandbox
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Monthly debt service
$4K
Projected NOI
$26K
Annual cash flow
$-19K
Cash-on-cash
-7.82%
DSCR
0.58
Going-in cap
3.19%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Northbridge Logistics | 4,365 SF | 2031-03 |
| Northbridge Logistics | 1,890 SF | 2031-03 |
Area demographics
Trade area within 3 miles of the property.
Population
135,345
Households
48,901
Median income
$132,000
Median age
40.8
Daytime population
164,649
5-yr growth
3.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 11 PRIVATE DRIVE, Marmora and Lake (Marmora Ward).
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.