For Lease · Multifamily

2 - 29 PARKSIDE DRIVE, Barrie (Queen's Park)

2 - 29 PARKSIDE DRIVE, Barrie (Queen's Park), ON L4N1W7

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

97%

About this property

29 Parkside, Apartment 2 - 1 Bedroom for Lease. This is a clean and functional 1-bedroom apartment that is currently vacant and available for immediate occupancy. The unit is basic but offers a practical living space at a reasonable location. If you're looking for a simple, affordable place to live, this unit is worth a look. Close to Dunlop and all amenities. Laundry room is on site in the basement. No smoking unit and one parking spot available. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

44,224

Households

19,202

Median income

$92,000

Median age

31.2

Daytime population

67,315

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 2 - 29 PARKSIDE DRIVE, Barrie (Queen's Park).

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.