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For Lease · Multifamily

2 - 56 FLORENCE STREET W, Huntsville (Chaffey)

2 - 56 FLORENCE STREET W, Huntsville (Chaffey), ON P1H1V5

Price on request

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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

90%

About this property

Stylish All-Inclusive Lower-Level Walkout Available for Lease Discover this beautifully finished lower-level walkout suite offering modern comfort in a desirable location. Situated in a well-maintained duplex, this bright and spacious unfurnished unit is just a short stroll to downtown amenities, local schools, and Avery Beach. Designed with quality in mind, the home features contemporary finishes throughout, stainless steel appliances, and an open, inviting living space that's perfect for everyday living. Enjoy the convenience of all-inclusive rent, with heat, hydro, water, and high-speed internet included. The property also offers four paved parking spaces for your exclusive use. Available for immediate occupancy, this is an excellent opportunity to enjoy a stylish, low-maintenance lifestyle in a fantastic neighborhood. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

42,933

Households

17,172

Median income

$134,500

Median age

36.2

Daytime population

41,528

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 2 - 56 FLORENCE STREET W, Huntsville (Chaffey).

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.