Business For Sale · Multifamily

310 MARLAND AVENUE, Oshawa (Vanier)

310 MARLAND AVENUE, Oshawa (Vanier), ON L1J1X5

$2.5M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

99%

About this property

11-unit multi-plex situated on a large corner lot. Spacious 2-Bedrm Units. Near Oshawa Centre shopping mall Amenities, public transit & Highway 401. Eight Units have balconies. Large principal rooms. Concrete Floors, Terrazzo & Tile Stairs & Halls (id:66811)

Financial sandbox

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Estimate
Purchase price$2.49M
Down payment30% · $747K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$100K

Annual cash flow

$-37K

Cash-on-cash

-5.02%

DSCR

0.73

Going-in cap

4.04%

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

75,027

Households

26,306

Median income

$126,000

Median age

35.7

Daytime population

77,842

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 310 MARLAND AVENUE, Oshawa (Vanier).

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.