For Sale · Multifamily

2 - 2354 QUEENSWAY DRIVE, Burlington (Freeman)

2 - 2354 QUEENSWAY DRIVE, Burlington (Freeman), ON L7R3T3

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

94%

About this property

Welcome to your newly renovated 2-bedroom, 1-bathroom apartment in the heart of Burlington! This modern unit offers a perfect blend of comfort and convenience, ideal for both professionals and small Location is everything, and this apartment delivers. Positioned in a friendly neighborhood, youre just a stone's throw away from Burlington's vibrant downtown. Here, you can explore a variety of shops, cafes, and restaurants. For outdoor enthusiasts, the nearby waterfront offers scenic views, walking trails, and parks.Transit is a breeze with easy access to Burlington GO Station, making commutes to Toronto or Hamilton quick and stress-free. Major highways are also within close proximity, ensuring that all of Ontario is within easy reach.This apartment is not just a place to live; it's a lifestyle. Experience the perfect mix of urban convenience and natural beauty in Burlington, where every day feels like a getaway. Don't miss out on making this delightful apartment your new 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
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

86,992

Households

34,473

Median income

$77,500

Median age

39.5

Daytime population

108,694

5-yr growth

6%

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

Secure deal room

Confidential diligence documents for 2 - 2354 QUEENSWAY DRIVE, Burlington (Freeman).

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.