35-41 ORCHARD PLACE, Chatham-Kent35-41 ORCHARD PLACE, Chatham-Kent — photo 235-41 ORCHARD PLACE, Chatham-Kent — photo 335-41 ORCHARD PLACE, Chatham-Kent — photo 435-41 ORCHARD PLACE, Chatham-Kent — photo 535-41 ORCHARD PLACE, Chatham-Kent — photo 635-41 ORCHARD PLACE, Chatham-Kent — photo 735-41 ORCHARD PLACE, Chatham-Kent — photo 835-41 ORCHARD PLACE, Chatham-Kent — photo 935-41 ORCHARD PLACE, Chatham-Kent — photo 1035-41 ORCHARD PLACE, Chatham-Kent — photo 1135-41 ORCHARD PLACE, Chatham-Kent — photo 1235-41 ORCHARD PLACE, Chatham-Kent — photo 1335-41 ORCHARD PLACE, Chatham-Kent — photo 1435-41 ORCHARD PLACE, Chatham-Kent — photo 1535-41 ORCHARD PLACE, Chatham-Kent — photo 1635-41 ORCHARD PLACE, Chatham-Kent — photo 1735-41 ORCHARD PLACE, Chatham-Kent — photo 1835-41 ORCHARD PLACE, Chatham-Kent — photo 1935-41 ORCHARD PLACE, Chatham-Kent — photo 2035-41 ORCHARD PLACE, Chatham-Kent — photo 2135-41 ORCHARD PLACE, Chatham-Kent — photo 2235-41 ORCHARD PLACE, Chatham-Kent — photo 23
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Business For Sale · Multifamily

35-41 ORCHARD PLACE, Chatham-Kent

35-41 ORCHARD PLACE, Chatham-Kent, ON N7M1A6

$719,600 total

4,416 SF

Asset Class

Multifamily

Size

4,416 SF

Building class

B

Zoning

RF6 — Medium Density

$ / SF

$163

Occupancy

85%

About this property

This is a Condominium Townhome Assembly comprising of 4 separate row townhomes out of a block of 6. Townhomes 43 & 45 DO NOT not form part of this resale. Each townhome has it's own maintenance fee, property taxes, and separately metered utility services. See MLS #'s XXX XXXXXX XXX. There are 4 separate Legal Descriptions/ Titles. Room Dimensions/ Descriptions shown herein are for a single (1 of 4) Condominium Townhomes. Four out of a block of Six all brick centrally located well established 2 storey, 3 bedroom, 2washroom condominium townhomes each with own exclusive parking, and sizeable useable/unfinished basement, laundry area, and gas forced air heating. Designated surface parking immediately in front, walk-out to rear garden, grounds maintained by condominium corporation with low maintenance/ condo fees. Walk to the Thames River, Tim Hortons, public transit, schools, places of worship, shopping, and other community amenities. Safety services are within 2 km distance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$720K
Down payment30% · $216K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$26K

Annual cash flow

$-14K

Cash-on-cash

-6.55%

DSCR

0.65

Going-in cap

3.58%

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
Vector Robotics3,767 SF2031-02

Area demographics

Trade area within 3 miles of the property.

Population

100,374

Households

44,290

Median income

$67,500

Median age

43

Daytime population

135,160

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 35-41 ORCHARD PLACE, Chatham-Kent.

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.