For Lease · Multifamily

UNIT 2 - 10 CARNEGIE LANE, Grimsby (Grimsby East)

UNIT 2 - 10 CARNEGIE LANE, Grimsby (Grimsby East), ON L3M1Y1

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

97%

About this property

FOR LEASE - Great Location... This 3 bedroom, 1 bathroom apartment is in the heart of downtown Grimsby. A five minute walk to Main Street surrounded by restaurants, coffee shops, banks, grocery stores, pubs a LCBO and more. An elementary school is nearby. Easy access to the QEW. Monthly rent is $2,400 plus Hydro, water and gas is included in the rent. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

139,271

Households

51,318

Median income

$133,000

Median age

36.4

Daytime population

179,761

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for UNIT 2 - 10 CARNEGIE LANE, Grimsby (Grimsby East).

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.