For Sale · Multifamily

505 VICTORIA STREET S, Brockton

505 VICTORIA STREET S, Brockton, ON N0G2V0

$679,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

86%

About this property

Century home with real character, modernized and ready to go. Step through the sunroom and the original double front doors with leaded glass and an arched transom above them, and you'll know this one's special. The foyer, the carved newel post and spindles, the tall baseboards and the rosette trim are all still here. The main floor has a formal dining room with a ceiling medallion, a living room with a bay window, wood beams and an electric fireplace, and a kitchen with an island, subway tile and stainless appliances. There's also a coffee bar with a beverage fridge and a bar fridge, a big bathroom with laundry, and a back entry with exposed brick. There are two staircases, the main one off the foyer and a second one at the back. Upstairs there are 4 bedrooms, 2 bathrooms, original wide-plank wood floors, barn door, transoms over the doors and a walkout to the second floor balcony. The basement is spotless, and the pool table stays. Outside, it's yellow brick on a corner lot with a metal roof, a covered side porch out to the patio and yard, and a paved driveway. The detached double garage is a real shop, with a vaulted wood ceiling, a workbench and a car hoist that stays. The bonus is the rental. 109 Prince St. is a separate 2 bedroom apartment with its own entrance, a 3 piece bath and a dryer in the unit. Gas and hydro have separate meters, and there are 2 furnaces and 2 water heaters, so the tenant pays their own heat and hydro. You can live in the main house and let the apartment help carry the mortgage, or hold the whole property as an investment.This is a lot of house with income on the side. Call today to book your showing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$680K
Down payment30% · $204K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$20K

Annual cash flow

$-18K

Cash-on-cash

-8.83%

DSCR

0.52

Going-in cap

2.89%

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

50,524

Households

17,706

Median income

$119,000

Median age

33.4

Daytime population

56,703

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 505 VICTORIA STREET S, Brockton.

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.