For Sale · Multifamily

214 - 187 VICTORIA STREET W, North Huron (Wingham)

214 - 187 VICTORIA STREET W, North Huron (Wingham), ON N0G2W0

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

89%

About this property

This 785 square foot suite features one bedroom & bathroom and is thoughtfully designed. It features an open concept living & kitchen area, including a 16'x8' balcony for your outdoor enjoyment. The suite is complete with laundry facilities and 3 stainless steel kitchen appliances, along with high quality finishes throughout. Everything you're looking for. (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

104,513

Households

47,215

Median income

$62,000

Median age

36.7

Daytime population

147,697

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 214 - 187 VICTORIA STREET W, North Huron (Wingham).

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.