For Lease · Multifamily

LOWER - 19 MACCABEE AVENUE, Fort Erie (Lakeshore)

LOWER - 19 MACCABEE AVENUE, Fort Erie (Lakeshore), ON L2A1C7

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

98%

About this property

FOR LEASE - LOWER UNIT - Recently and completely renovated, this bright and modern 2-bedroom, 1-bathroom main floor unit is move-in ready and ideal for tenants seeking comfort and convenience. Rent includes water and gas - tenant to pay hydro and cable/internet. Enjoy fresh finishes throughout, including new cabinetry, fixtures, flooring, paint, and trim. The spacious living room is filled with natural light from a large front window and features a hall closet, a separate laundry closet with washer/dryer, and space for a dining area or casual meals at the peninsula breakfast bar. The updated kitchen includes a center island, pantry, fridge, stove, and dishwasher. The stylish 3-piece bathroom, additional storage closet, and private entrances at both the back and side of the home offer added function and privacy. The large, tree-lined backyard and side yard provide plenty of space for relaxing or outdoor fun. Driveway parking is shared with the upper unit. Located within walking distance of a corner store, Albert Street Park, and Lake Erie's shoreline trails. A short drive brings you to Garrison Rd (Hwy #3) for shopping, restaurants, and amenities, with quick access to the QEW and Peace Bridge. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

104,929

Households

36,531

Median income

$64,000

Median age

37.7

Daytime population

143,409

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for LOWER - 19 MACCABEE AVENUE, Fort Erie (Lakeshore).

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.