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For Sale · Multifamily

66 PAGE STREET, Port Colborne (Bethel)

66 PAGE STREET, Port Colborne (Bethel), ON L3K5V1

$669,850 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

97%

About this property

Live upstairs and rent below, or add two rental units to your portfolio. This brand-new semi-detached duplex pairs a spacious three-bedroom, three-bathroom main residence with a bright, self-contained lower suite. Each unit has its own gas, hydro and water meters, making it easy to manage utilities separately. Large windows bring natural light into the lower suite, where a quartz-topped kitchen, a four-piece bathroom and a private walk-up entrance make it feel like a home of its own. Rent the suite to help offset ownership costs or keep it available for extended family. Built on an insulated concrete form (ICF) foundation and backed by a seven-year Tarion warranty, the home also features a Nest doorbell and pre-wiring for security cameras. A fresh build with the flexibility to suit homeowners and investors alike. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$670K
Down payment30% · $201K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$-5K

Cash-on-cash

-2.32%

DSCR

0.87

Going-in cap

4.85%

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

83,468

Households

35,818

Median income

$72,000

Median age

39.8

Daytime population

132,425

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 66 PAGE STREET, Port Colborne (Bethel).

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.