Business For Sale · Multifamily

2014 EDINBURGH DRIVE, Burlington (Brant)

2014 EDINBURGH DRIVE, Burlington (Brant), ON L7R2C9

$2.1M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

83%

About this property

PRICED TO SELL! Rare opportunity to acquire an updated 7-unit multiplex. Income-generating and move-in ready, with the exception of one unit, this exceptional property allows investors to hand select AAA tenants and begin earning immediately. Tastefully renovated while preserving the charm and character of this magnificent property. Prime downtown Burlington location, within walking distance to shopping, schools, parks, and entertainment. Make it yours! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.10M
Down payment30% · $630K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$66K

Annual cash flow

$-50K

Cash-on-cash

-7.98%

DSCR

0.57

Going-in cap

3.15%

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

134,759

Households

50,255

Median income

$117,000

Median age

35.2

Daytime population

128,478

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 2014 EDINBURGH DRIVE, 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.