For Lease · Multifamily

12 COLLEGE CRESCENT, Barrie (Grove East)

12 COLLEGE CRESCENT, Barrie (Grove East), ON L4M2W2

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Top 5 Reasons You Will Love This Home for Lease: Beautiful main and upper levels of a detached 4-level backsplit home, available for lease, offering three spacious bedrooms and one full bathroom. Updated interior featuring newer flooring throughout, an upgraded kitchen, and a refreshed staircase. Bright and inviting living spaces with hardwood flooring on the upper level, providing comfort and functionality. Access to a spacious backyard surrounded by mature trees, offering privacy and a relaxing outdoor space. Convenient location within close proximity to Georgian College, Royal Victoria Hospital, local amenities, and Highway 400 access. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

80,809

Households

28,927

Median income

$134,500

Median age

39.1

Daytime population

78,051

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 12 COLLEGE CRESCENT, Barrie (Grove East).

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.