For Lease · Multifamily

1 - 509 COLBORNE STREET W, Whitby (Downtown Whitby)

1 - 509 COLBORNE STREET W, Whitby (Downtown Whitby), ON L1N1X7

Price on request

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

99%

About this property

Wonderful 2 Bedroom Leasing Opportunity In Beautiful Downtown Whitby! Exceptionally Bright With 9Ft Ceilings, Large Windows And A Welcoming Atmosphere! Large Living Space, Functional Kitchen And Both Bedrooms Are Spacious With Closets And Windows. Washroom Consists Of 4 Pieces Including A Modern Vanity. Wonderful Location Being Close To The Giant Tiger Plaza, Public Transit, Numerous Amenities, The Library And More! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

75,991

Households

31,011

Median income

$96,500

Median age

43.7

Daytime population

96,974

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for 1 - 509 COLBORNE STREET W, Whitby (Downtown Whitby).

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.