40 Timmins CRESCENT, Chatham
40 Timmins CRESCENT, Chatham, ON N7L4E1
$699,900 total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
85%
Year Built
1975
About this property
Excellent investment opportunity with immediate income form day one with this fully tenanted 4-plex building located on the desirable northside of Chatham. Each unit features 3 bedrooms and 1.5 bathrooms, offering functional layouts that appeal to long-term tenants. Situated close to major amenities, schools, shopping and public transportation, this property boasts strong rental demand and consistent cash flow. Tenants enjoy everything they need, making it an attractive investment. In suite laundry is available to each tenant as well as ample parking spaces. Each unit has a full basement with laundry hook ups. Whether you are a seasoned investor or just getting started, this multi-family property offers great returns and minimal vacancy risk. Don't miss your chance to add a reliable income producing asset to your portfolio. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$20K
Annual cash flow
$-19K
Cash-on-cash
-8.93%
DSCR
0.52
Going-in cap
2.86%
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
68,700
Households
28,507
Median income
$111,000
Median age
34.3
Daytime population
90,964
5-yr growth
8.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 40 Timmins CRESCENT, Chatham.
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.