For Lease · Multifamily

BASEMENT - 5459 ONTARIO AVENUE, Niagara Falls (Downtown)

BASEMENT - 5459 ONTARIO AVENUE, Niagara Falls (Downtown), ON L2E3S4

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

84%

About this property

**NEWLY RENOVATED 1-BEDROOM, 1-BATHROOM BASEMENT APARTMENT FOR LEASE!** Located in an amazing Niagara Falls location, close to popular Niagara attractions, shopping, restaurants, and everyday amenities. Features a newly renovated interior, 1 parking spot, and **utilities included** in the rent. A great opportunity for comfortable living in a convenient location! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

100,057

Households

39,372

Median income

$70,000

Median age

41.9

Daytime population

165,941

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for BASEMENT - 5459 ONTARIO AVENUE, Niagara Falls (Downtown).

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.