For Lease · Multifamily

#3 - 5 MILL STREET N, Brampton (Downtown Brampton)

#3 - 5 MILL STREET N, Brampton (Downtown Brampton), ON L6X1S5

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

94%

About this property

Brand new, never lived-in 2 Bed, 1 Bath unit available for lease, occupying the entire third floor of this newly built property. This bright and spacious suite features a separate entrance, bright and functional open-concept layout combining the living, dining, and kitchen areas, complemented by large windows. Both bedrooms are generously sized, and the unit includes in-suite laundry for added convenience. One parking space is included. Ideally located close to transit, shopping, restaurants, and all essential amenities. Tenant to pay utilities. No smoking (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

130,832

Households

60,808

Median income

$117,000

Median age

34.4

Daytime population

217,775

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for #3 - 5 MILL STREET N, Brampton (Downtown Brampton).

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.