1/14106 LORNE AVENUE, Chatham-Kent (Chatham)
106 LORNE AVENUE, Chatham-Kent (Chatham), ON N7M1S1
$749,999 total
9,332 SF
Asset Class
Multifamily
Size
9,332 SF
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
$80
Occupancy
82%
About this property
125k/unit at going-in cap rate of 7.1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay Hydro. Updated Plumbing (2021). Updated Electrical (2021). Windows replaced (2022). Laundry on site, 6 Parking spaces. Building offers additional upside potential in a supply-constrained rental market. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$22K
Annual cash flow
$-20K
Cash-on-cash
-8.80%
DSCR
0.52
Going-in cap
2.90%
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.
Rent roll (estimated)
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 7,662 SF | 2034-06 |
Area demographics
Trade area within 3 miles of the property.
Population
123,443
Households
50,478
Median income
$129,500
Median age
36.5
Daytime population
133,049
5-yr growth
7.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 106 LORNE AVENUE, Chatham-Kent (Chatham).
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.