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For Sale · Specialty

1025 BAY Street, Port Rowan

1025 BAY Street, Port Rowan, ON N0E1M0

$438,000 total

1,155 SF

Asset Class

Specialty

Size

1,155 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$379

Occupancy

98%

About this property

If your looking for the perfect place to work from home, and take a few steps to work in a great lake-side community then this could be what you are looking for. Front office has been updated with, flooring, lighting, painting, windows, 2 piece bath, exterior front entrance plus all new front siding. Back living area with, eat-in kitchen with stove, fridge, dishwasher, microwave oven, 3 piece bath with stackable washer-dryer. All appliances new in 2023. The kitchen also boasts lots of custom made cabinets with ample counter-tops. The living room has large window adding lots of natural light to your living area plus you'll like the view of your backyard. Step down to your updated basement with new steps leading to a spacious rear entry with bedroom with window and closet, plus a larger room with finished walls just flooring and ceiling needed to turn it into a useable room, also with windows. The unfinished part of the basement has lots of room for extra storage, this room has the updated furnace, breaker hydro panel and owned hot water heater. You will love the walk-out basement door with a nicely landscaped rear entrance, with gravel drive. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$438K
Down payment30% · $131K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$32K

Annual cash flow

$8K

Cash-on-cash

5.74%

DSCR

1.31

Going-in cap

7.26%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group596 SF2029-03
Meridian Health Group400 SF2029-03
Meridian Health Group400 SF2029-03

Area demographics

Trade area within 3 miles of the property.

Population

50,290

Households

19,865

Median income

$64,000

Median age

37.8

Daytime population

63,618

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 1025 BAY Street, Port Rowan.

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.