1/396 BRANT AVENUE, Mississauga (Port Credit)
6 BRANT AVENUE, Mississauga (Port Credit), ON L5G3N8
$3.9M total
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Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
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Occupancy
97%
About this property
6 BRANT AVE FEATURES 2 COMMERCIAL AND 8 RESIDENTIAL UNITS (6 1-BED & 2 STUDIO). THE MAIN FLOORIS DEDICATED COMMERCIAL SPACE RENTED TO 1 LONG STANDING SUCCESSFUL TENANT (ART GALLERY). THE 8 RESIDENTIAL UNITS ARE ALL RENTED TO A++ TENANTS & HAVE ALL BEEN RENOVATED AND SEPARATELY METERED FOR GAS &HYDRO . ALL 1 BEDROOMS HAVE THEIR OWN FURNACE & A/C & STUDIOS HAVE INSUITE COMBO AC/HEATING WALL UNIT CONTROLLED BY THERMOSTAT. ALL UNITS FEATURE ENSUITE LAUNDRY & HAVE DEDICATED HWT. IN THE HEART OF PORT CREDIT, THESE UNITS ARE HIGHLY SOUGHT AFTER AND COMMAND HIGH RENTS. EXCELLENT TENANT MIX OF YOUNG PROFESSIONALS AND COUPLES. EACH RESIDENTIAL UNIT HAS A DEDICATED PARKING SPOT + 1 ADDITIONAL SPOT FOR COMMERCIAL. THERE IS ALSO METERED VISITOR PARKING AT THE FRONT OFTHE BUILDING. PROFESSIONALLY MANAGED AND PROPERTY MANAGER IS WILLING TO CONTINUE MANAGEMENT FOR NEW OWNER. THIS IS A TURNKEY INVESTMENT PROPERTY THAT WOULD BE A GREAT ADDITION TO ANY PORTFOLIO. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$18K
Projected NOI
$150K
Annual cash flow
$-66K
Cash-on-cash
-5.64%
DSCR
0.69
Going-in cap
3.85%
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
136,684
Households
58,964
Median income
$102,500
Median age
32.3
Daytime population
224,665
5-yr growth
7.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 6 BRANT AVENUE, Mississauga (Port Credit).
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.