Business For Sale · Multifamily

580 DIGBY AVENUE, Oshawa (Eastdale)

580 DIGBY AVENUE, Oshawa (Eastdale), ON L1G1W6

$989,000 total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

90%

About this property

This Well Maintained Three-2 Bedroom Unit Triplex With 6 Parking Spots, Is Located In The Heart Of Oshawa. Convenient And Quite Location With Easy Access To Shopping, Recreation, Transit And Go. Public, Separate And Private Schools Nearby. Each Unit Has 2 Designated Parking Spots. Coin Laundry For Upper Two Units. Renovated Lower Unit With High End Finishes & Appliances And Has Its Own Ensuite Laundry. Complete With A Newly Fenced Yard. Newer roof and coin operated laundry in common laundry area for 2nd and 3rd apartment (1st floor apartment has ensuite laundry) There is NO AC, and heating is electric baseboard. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$989K
Down payment30% · $297K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$34K

Annual cash flow

$-21K

Cash-on-cash

-6.95%

DSCR

0.62

Going-in cap

3.46%

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

145,380

Households

52,511

Median income

$96,000

Median age

32.1

Daytime population

160,210

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 580 DIGBY AVENUE, Oshawa (Eastdale).

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.