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Business For Sale · Multifamily

145 SYPLES STREET, Burk's Falls

145 SYPLES STREET, Burk's Falls, ON P0A1C0

$2.5M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

84%

About this property

Maximize Your ROI: Turn-Key Airbnb Property with Vendor Take-Back (VTB) MortgageUnlock a rare, high-yield investment on the serene shores of the Magnetawan River in Burk's Falls. Operating as a successful Airbnb with five fully renovated luxury units, this asset offers immediate cash flow. The seller is open to offering a Vendor Take-Back (VTB) Mortgage, lowering your barrier to entry and providing flexible financing.Investment Strategy & FlexibilityActive Airbnb Setup: Turn-key operations ready for immediate short-term rental income.Flexible VTB Financing: Capitalize on seller financing to bypass rigid traditional bank guidelines.Diverse Revenue Stream: 5 separate units allow for a mix of short-term, medium-term, or long-term rentals.Premium Optimization: Luxury finishes command top-tier nightly rates and maximize occupancy.Asset Breakdown & LayoutTotal Living Space: 5,888+ sq. ft. of refined, top-to-bottom renovated space.Total Capacity: 11 spacious bedrooms distributed across 5 high-end units.Main Floor (3 Units): Optimized for high-turnover guests (570 sq. ft. | 707 sq. ft. | 980 sq. ft.).Upper Level (2 Premium Suites): Perfect for larger groups or luxury stays (1,580 sq. ft. | 898 sq. ft.). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.50M
Down payment30% · $749K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$100K

Annual cash flow

$-39K

Cash-on-cash

-5.17%

DSCR

0.72

Going-in cap

3.99%

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

105,119

Households

41,635

Median income

$108,500

Median age

31.4

Daytime population

105,836

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 145 SYPLES STREET, Burk's Falls.

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.