For Sale · Multifamily

4 - 274 KING STREET E, Cobourg

4 - 274 KING STREET E, Cobourg, ON K9A1L8

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

86%

About this property

Welcome To This Truly Stunning 3 Bedroom Masterpiece, Boasting A Fantastic Floor Plan And An Abundance Of Warm, Natural Light That Will Brighten Up Your Day! The Gourmet Kitchen Is Equipped With Sleek, Stainless Steel Appliances, Perfect For Culinary Delights. Enjoy The Ultimate Convenience Of Having 1 Parking Spot, Perfectly Located In A Prime Area with Easy Access to Public Transport, Just A Short Walk To Cobourg Beach, Downtown Shops, Restaurants, Elementary & High Schools. Making It The Ultimate In Convenience, Comfort, And Luxury Living. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

128,560

Households

48,655

Median income

$122,500

Median age

33.4

Daytime population

116,756

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 4 - 274 KING STREET E, Cobourg.

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.