For Sale · Multifamily

6 - 2160 GHENT AVENUE, Burlington (Brant)

6 - 2160 GHENT AVENUE, Burlington (Brant), ON L7R1Y5

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Bachelor Apartment for rent in prime Brant and Prospect neighbourhood. Large windows throughout, kitchen with fridge, stove and updated cupboards. There is a 3 piece bath with walk in shower and another room to be used as living room/bedroom. This unit is equipped with its own heat pump for air conditioning. Electricity and internet are the responsibility of the tenant, while the owner pay for heat and water. One parking space included if required. Coin operated laundry available also. First and Last months deposit required upon application acceptance. Completed rental application, current credit report and score plus 3 months income verification documents, 3 months bank statements required for landlord review prior to acceptance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

44,897

Households

16,350

Median income

$77,000

Median age

44.8

Daytime population

65,201

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 6 - 2160 GHENT AVENUE, Burlington (Brant).

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.