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For Lease · Multifamily

2 - 1024 DIVISION STREET, Cobourg

2 - 1024 DIVISION STREET, Cobourg, ON K9A5Y5

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

96%

About this property

Private living space with shared bathroom and laundry only! Fantastic opportunity to lease this fully furnished second floor residential unit in a quiet mixed-use building. The tenant enjoys their own private bedroom, kitchen and living area with only the bathroom and laundry room being shared. The bright, comfortable unit features a good sized bedroom with a huge closet, functional kitchen/living room combination and sliding door walk-out to a great upper deck. Fully furnished for immediate comfort with fridge, stove, microwave, bed, end tables, lamps, sofa, dresser, kitchen stools and a tv. Entry to the unit is acce3ssed from a shared foyer/common hallway. All inclusive lease includes utilities, gas forced air heating and central air. Conveniently located next door to Foodland and within walking distance of restaurants, coffee shops and other amenities. A great turn-key option for anyone looking for a clean, comfortable and affordable place to call home. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

59,798

Households

22,846

Median income

$96,000

Median age

31.3

Daytime population

85,201

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 2 - 1024 DIVISION STREET, Cobourg.

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.