For Sale · Multifamily

UPPER - 253 SYDNEY STREET S, Kitchener

UPPER - 253 SYDNEY STREET S, Kitchener, ON N2G3V8

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

98%

About this property

Welcome to this bright and spacious 2-bedroom, 1-bathroom upper-level unit in Kitchener's convenient Rockway neighborhood. Enjoy the privacyand peace of top-floor living with absolutely zero overhead noise. This thoughtfully laid-out apartment features a modern layout perfect for aprimary bedroom plus a dedicated home office or guest room. Includes private, dedicated in-suite laundry and 1 exclusive carport parking space.Rent is $1,900/month. Tenant pays dedicated hydr (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

143,556

Households

64,493

Median income

$133,500

Median age

37.8

Daytime population

143,192

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for UPPER - 253 SYDNEY STREET S, Kitchener.

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.