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For Lease · Multifamily

UPPER - 58 GRIFFITH STREET, Welland (Welland Downtown)

UPPER - 58 GRIFFITH STREET, Welland (Welland Downtown), ON L3B4G6

Price on request

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

89%

About this property

Welcome to this beautiful 3 year old executive rental offering modern construction, thoughtful design, and exceptional comfort. This spacious main-floor unit features 3 generous bedrooms, a versatile den ideal for a home office, and 2.5 bathrooms.Enjoy the convenience of in-suite laundry, a private high-efficiency furnace, central air conditioning, air exchanger, and a standalone on-demand water heater, providing complete control and comfort year-round.The unit includes exclusive use of the garage plus one driveway parking space. Ideally located in a convenient central location, you'll love being within walking distance to downtown amenities, the Welland Canal, restaurants, shopping, parks, and everyday conveniences.Tenant is responsible for gas, hydro, water, and tenant insurance.A rare opportunity to lease a newer executive home in a highly desirable location. Available immediately. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

46,755

Households

17,947

Median income

$92,500

Median age

32.8

Daytime population

50,714

5-yr growth

6%

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

Secure deal room

Confidential diligence documents for UPPER - 58 GRIFFITH STREET, Welland (Welland Downtown).

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.