For Sale · Multifamily

181 MURPHY ROAD, Essa (Baxter)

181 MURPHY ROAD, Essa (Baxter), ON L0M1B1

$695,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

94%

About this property

Investment Opportunity in Baxter! Welcome to this well-maintained legal triplex situated on a generous lot in the growing community of Baxter. An excellent addition to any investment portfolio, this income-producing property features three self-contained 2-bedroom units, each offering a functional layout with a spacious living room, full kitchen, and comfortable living space for tenants. The property offers ample on-site parking, which is convenient for residents and guests alike, as well as a shared coin-operated laundry facility that provides additional income potential. Set on a large lot with mature surroundings, this property offers strong rental appeal in a desirable location with easy access to Alliston, Angus, Base Borden, and major commuter routes. Whether you're a seasoned investor looking to expand your portfolio or an owner-occupier seeking the benefits of rental income, this versatile multi-residential property presents a fantastic opportunity. Strong tenant demand, generous parking, and a convenient location make this a smart addition to your real estate holdings. (id:66811)

Financial sandbox

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Estimate
Purchase price$695K
Down payment30% · $209K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$-7K

Cash-on-cash

-3.32%

DSCR

0.82

Going-in cap

4.55%

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

74,870

Households

26,056

Median income

$80,000

Median age

40

Daytime population

96,221

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 181 MURPHY ROAD, Essa (Baxter).

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.