For Sale · Office

4496 COUNTY ROAD 2, Port Hope

4496 COUNTY ROAD 2, Port Hope, ON L1A3V5

$1.4M total

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

84%

Lot Size

3711 ac

About this property

Excellent location for Buyer to operate a home based business. Buyer to do due dilligence regarding intended use of property. Located in Welcome, this well maintained and spacious bungalow has lots to offer. Many features that include 5 bedrooms all with ensuites, large living room, dining area and chef style kitchen complete with 6 burner gas stovetop and built in oven, home office area and an enclosed sun porch. Other features include 22kw Generac backup Generator, Napoleon Hi-efficiency gas furnace and an updated 400 amp electrical service. Property is zoned Commercial and is designated as a single family residence ( MPAC ). Property taxes are residential rates. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.38M
Down payment30% · $413K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$81K

Annual cash flow

$5K

Cash-on-cash

1.17%

DSCR

1.06

Going-in cap

5.89%

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

59,791

Households

20,950

Median income

$108,500

Median age

31.4

Daytime population

60,262

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 4496 COUNTY ROAD 2, Port Hope.

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.