For Sale · Specialty

10 CRESCENT PARK, Norfolk (Port Dover)

10 CRESCENT PARK, Norfolk (Port Dover), ON N0A1N0

$599,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

92%

About this property

2 houses on 1 lot + opportunity to sever and build! This unique property is a rare offering: a large detached 2.5 story family sized home with 4 bedrooms and 2 full baths PLUS a fully detached 1 bedroom, 1 bathroom house at the rear of the property. Both properties are connected to municipal sewer, water, natural gas furnace and central air conditioning. Both properties are currently vacant for ease of sale transfer but were previously rented out continuously generating over $4000 in monthly income through long term tenants and short term rental. A unique opportunity to explore severance of the lot (112.5 feet of frontage!) for additional development. Either property could be owner occupied with the other generating substantial monthly income, or purchase it as part of your growing real estate portfolio. Just 200 m from lake access, this property is easily rented seasonally, short term, and long term tenants alike. (id:66811)

Financial sandbox

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Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$41K

Annual cash flow

$8K

Cash-on-cash

4.22%

DSCR

1.23

Going-in cap

6.81%

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

123,864

Households

43,728

Median income

$85,500

Median age

43.6

Daytime population

176,965

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 10 CRESCENT PARK, Norfolk (Port Dover).

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.