For Lease · Multifamily

UPPER - 46 RIDGEWAY AVENUE, Barrie (Allandale Heights)

UPPER - 46 RIDGEWAY AVENUE, Barrie (Allandale Heights), ON L4N5L2

Price on request

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Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

82%

About this property

Great 3 bedroom, 1 bathroom upper level only for lease! Close to both elementary and secondary schools, public transit, Allandale Rec Centre and more! Carpet-free bedrooms and living space, bright open concept living room/kitchen combination. Garage parking and in-suite laundry! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$66K

Annual cash flow

$-17K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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

71,576

Households

25,147

Median income

$72,000

Median age

39.3

Daytime population

104,370

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for UPPER - 46 RIDGEWAY AVENUE, Barrie (Allandale Heights).

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.