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For Sale · Retail

31 MARIE STREET, South River

31 MARIE STREET, South River, ON P0A1X0

$398,000 total

3,000 SF

Asset Class

Retail

Size

3,000 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

$133

Occupancy

92%

About this property

ATTENTION INVESTORS!!! EXCELLENT 3000 SQ.FT BUILDING THAT WAS SET UP AS 2 BDRM, 1200 SQ.FT. APARTMENT & A SEPARATE STORE/OFFICE AREA 1800 SQ.FT WITH PARTIAL BASEMENT. BRAND NEW METAL ROOF (50 YEARS WARRANTY), NEW METAL SIDING WITH 2" INSULATION, ALL BRAND NEW TRIPLE PANE WINDOWS AND DOORS, WATERPROOFED BASEMENT WITH SUMP PUMP. BLANC CANVAS READY FOR YOUR TOUCHES. PROPERTY SOLD AS-IS . (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$398K
Down payment30% · $119K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$23K

Annual cash flow

$742

Cash-on-cash

0.62%

DSCR

1.03

Going-in cap

5.73%

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
Prairie Coffee Roasters1,440 SF2032-01
Prairie Coffee Roasters692 SF2032-01
Prairie Coffee Roasters400 SF2032-01
Prairie Coffee Roasters400 SF2032-01

Area demographics

Trade area within 3 miles of the property.

Population

49,390

Households

19,437

Median income

$79,000

Median age

42.8

Daytime population

61,000

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 31 MARIE STREET, South River.

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.