For Lease · Multifamily

70 RIDGEWAY PLACE, Belleville (Belleville Ward)

70 RIDGEWAY PLACE, Belleville (Belleville Ward), ON K8P0E6

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

92%

About this property

For lease in Potters Creek, Belleville. This bright, modern second-floor walk-up unit offers over 1,400sqft of above grade living space, 3 bedrooms, 2 bathrooms, including a private ensuite, and walk-in closet. Large windows and carpet-free flooring create a bright, open feel. The functional kitchen features an island and a walkout to a private rear deck overlooking a treed area. A dedicated laundry room, single-car garage with interior entry, and driveway parking for 2 vehicles add to the home's practical features. Ideally located for commuters, with easy access to Highway 401, Belleville, and CFB Trenton. Utilities are separately metered. Immediate possession available. $2,490/month + utilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

57,270

Households

26,941

Median income

$67,500

Median age

38

Daytime population

61,161

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 70 RIDGEWAY PLACE, Belleville (Belleville Ward).

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.