For Sale · Multifamily

1756 DAYTONA AVENUE, Windsor

1756 DAYTONA AVENUE, Windsor, ON N9B3W5

Price on request

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

95%

Year Built

2004

About this property

CONVENIENT LEASE OPPORTUNITY FOR STUDENTS, COMMUTERS, & COUPLES! UPPER UNIT IN NEWER BUILDING IS FILLED WITH NATURAL LIGHT FEATURING 2 BEDROOMS, LARGE 4-PIECE BATHROOM, OAK KITCHEN OPEN TO BRIGHT LIVING ROOM SPACE. THIS UNIT HAS IN-SUITE LAUNDRY. ALL UTILITIES ARE SEPARATELY METERED AND PAID BY THE TENANT. LOCATED CLOSE TO THE CANADA/USA BORDER CROSSING, U OF W, ALL AMENITIES WITHIN WALKING DISTANCE INCLUDING GROCERY STORE, BANK, PHARMACY, FAST FOOD, AND BUS ROUTE. FRONT PARKING SPACE INCLUDED. LEASE APPLICATION, CREDIT AND BACKGROUND CHECK REQUIRED. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

96,694

Households

41,224

Median income

$72,000

Median age

42.1

Daytime population

150,030

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 1756 DAYTONA AVENUE, Windsor.

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.