For Lease · Multifamily

2 - 317 PARK STREET N, Peterborough (Town Ward 3)

2 - 317 PARK STREET N, Peterborough (Town Ward 3), ON K9J3W6

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

89%

About this property

FOR LEASE | 317 Park Street, Unit 2 - Peterborough$1,599/Month | Utilities IncludedConveniently located near downtown Peterborough, this third-floor apartment offers comfortable, affordable living with easy access to shopping, restaurants, public transit and everyday amenities. Featuring 1 bedroom, a small den and 1 bathroom, this unit provides a practical layout with the added flexibility of a den that could serve as a home office, study space or additional storage.With utilities included in the monthly rent, you can enjoy predictable monthly expenses. Property Highlights: 1 bedroom + small den1 bathroom Third-floor apartment $1,599/month - utilities included Convenient location near downtown Peterborough Close to shopping, dining, public transit and local amenities. Rental Application Requirements: All applicants are required to submit a completed rental application, credit check, employment letter or proof of income, and references for landlord review and approval. Successful applicants will be required to sign a lease agreement and provide the required rent deposit in accordance with Ontario tenancy regulations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

136,815

Households

47,241

Median income

$133,000

Median age

35.9

Daytime population

230,576

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 2 - 317 PARK STREET N, Peterborough (Town Ward 3).

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.