221 OWEN SOUND STREET, Shelburne221 OWEN SOUND STREET, Shelburne — photo 2221 OWEN SOUND STREET, Shelburne — photo 3221 OWEN SOUND STREET, Shelburne — photo 4221 OWEN SOUND STREET, Shelburne — photo 5221 OWEN SOUND STREET, Shelburne — photo 6221 OWEN SOUND STREET, Shelburne — photo 7221 OWEN SOUND STREET, Shelburne — photo 8221 OWEN SOUND STREET, Shelburne — photo 9221 OWEN SOUND STREET, Shelburne — photo 10221 OWEN SOUND STREET, Shelburne — photo 11221 OWEN SOUND STREET, Shelburne — photo 12221 OWEN SOUND STREET, Shelburne — photo 13221 OWEN SOUND STREET, Shelburne — photo 14221 OWEN SOUND STREET, Shelburne — photo 15221 OWEN SOUND STREET, Shelburne — photo 16221 OWEN SOUND STREET, Shelburne — photo 17221 OWEN SOUND STREET, Shelburne — photo 18221 OWEN SOUND STREET, Shelburne — photo 19221 OWEN SOUND STREET, Shelburne — photo 20221 OWEN SOUND STREET, Shelburne — photo 21221 OWEN SOUND STREET, Shelburne — photo 22221 OWEN SOUND STREET, Shelburne — photo 23221 OWEN SOUND STREET, Shelburne — photo 24221 OWEN SOUND STREET, Shelburne — photo 25221 OWEN SOUND STREET, Shelburne — photo 26221 OWEN SOUND STREET, Shelburne — photo 27221 OWEN SOUND STREET, Shelburne — photo 28221 OWEN SOUND STREET, Shelburne — photo 29221 OWEN SOUND STREET, Shelburne — photo 30221 OWEN SOUND STREET, Shelburne — photo 31221 OWEN SOUND STREET, Shelburne — photo 32221 OWEN SOUND STREET, Shelburne — photo 33221 OWEN SOUND STREET, Shelburne — photo 34221 OWEN SOUND STREET, Shelburne — photo 35221 OWEN SOUND STREET, Shelburne — photo 36221 OWEN SOUND STREET, Shelburne — photo 37221 OWEN SOUND STREET, Shelburne — photo 38221 OWEN SOUND STREET, Shelburne — photo 39221 OWEN SOUND STREET, Shelburne — photo 40221 OWEN SOUND STREET, Shelburne — photo 41221 OWEN SOUND STREET, Shelburne — photo 42221 OWEN SOUND STREET, Shelburne — photo 43221 OWEN SOUND STREET, Shelburne — photo 44221 OWEN SOUND STREET, Shelburne — photo 45221 OWEN SOUND STREET, Shelburne — photo 46221 OWEN SOUND STREET, Shelburne — photo 47
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Business For Sale · Multifamily

221 OWEN SOUND STREET, Shelburne

221 OWEN SOUND STREET, Shelburne, ON L9V3L2

$849,000 total

2,790 SF

Asset Class

Multifamily

Size

2,790 SF

Building class

A

Zoning

RF6 — Medium Density

$ / SF

$304

Occupancy

96%

About this property

LEGAL TRIPLEX. 6.8% Cap Rate. This iconic building located in the growing municipality of Shelburne has been completed renovated top to bottom, creating a 3 bedroom unit, a 2 bedroom unit and a 1 bedroom basement walkout unit. Opportunity for Owner Occupied as the main floor 3 Bedroom unit has recently become vacant. The upper 2 Bedroom and basement 1 bedroom are currently occupied with good tenants who would like to stay - income from those two units is $3400 per month. With 15% down payment the mortgage payment is $3430 (30 year amortization @3.7%) Great opportunity for first time home buyer to get into the market. Gross rent is $5600 fully tenanted. All units have their own laundry facilities, separate hydro meters and separate water meters. Luxury vinyl plank flooring throught all units. One parking space for each tenant. Located close Shelburne's Downtown - also walking distance to schools and recreation facilities. Please note: Main floor unit is vacant and can be viewed. Upper and Basement units are finished in a similar manner as per the photos. Showing of the tenanted spaces upon accepted offer. Floor plans and Zoning Approval are in the photos. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$849K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$36K

Annual cash flow

$-11K

Cash-on-cash

-4.20%

DSCR

0.77

Going-in cap

4.28%

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)

TenantAreaExpiry
Summit Trades Supply1,176 SF2027-07
Summit Trades Supply658 SF2027-07
Summit Trades Supply400 SF2027-07
Summit Trades Supply473 SF2027-07

Area demographics

Trade area within 3 miles of the property.

Population

42,170

Households

14,897

Median income

$133,000

Median age

34

Daytime population

55,028

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 221 OWEN SOUND STREET, Shelburne.

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.