For Lease · Multifamily

1 - 434 WORTHINGTON STREET E, North Bay (Central)

1 - 434 WORTHINGTON STREET E, North Bay (Central), ON P1B1H5

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

88%

About this property

Welcome to this well-maintained 2-bedroom, 2-bathroom apartment located in the heart ofdowntown, just steps from shopping, restaurants, public transit, and all essential amenities.This bright and comfortable unit offers a functional layout, making it ideal for a singleprofessional or couple. On-site laundry is available for added convenience. Enjoy theconvenience of downtown living with everything you need just minutes away. Don't miss thisgreat leasing opportunity!FISHER TO WORTHINGTONALL INCLUSIVE RENT -HEAT , HYDRO , WATER , AND ON SITE LAUNDRY. (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

74,899

Households

35,393

Median income

$98,500

Median age

42.2

Daytime population

68,726

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 1 - 434 WORTHINGTON STREET E, North Bay (Central).

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.