For Sale · Multifamily

BACK UNIT - 639 ONTARIO STREET, Stratford

BACK UNIT - 639 ONTARIO STREET, Stratford, ON N5A3J6

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

85%

About this property

Welcome to 639 Ontario Street a beautifully renovated bachlor unit, 1-bath back unit in a newly updated triplex. This bright, open-concept suite features a functional layout with plenty of natural light, private in-unit laundry, and a separate entrance for added privacy. Everything inside is brand new and never lived in, offering a fresh, modern living experience in a quiet, well-maintained building perfect for a single professional or couple seeking comfort and convenience. Book a private viewing today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

113,663

Households

48,669

Median income

$114,000

Median age

32.2

Daytime population

180,474

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for BACK UNIT - 639 ONTARIO STREET, Stratford.

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.