Business For Sale · Multifamily

108 FIRST NE AVENUE, Greenstone (Geraldton)

108 FIRST NE AVENUE, Greenstone (Geraldton), ON P0T1M0

$294,000 total

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

89%

About this property

New Listing. Unlock the potential for steady rental income and long-term growth with this well-maintained duplex in the thriving community of Geraldton. Perfectly suited for savvy investors or homeowners seeking to offset their mortgage, this property offers the ideal blend of financial return and comfortable living. This spacious two-storey property features two self-contained units. The upper unit offers 3 bedrooms and 1 full bathroom, while the lower unit features 3 bedrooms and 1.5 bathrooms. Each unit has its own private entrance, separate laundry facilities, and separate hydro meter, providing added convenience and independence for tenants. Fresh updates throughout both units make this property move-in ready while still offering plenty of potential to add value over time. Whether you?re looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers flexibility and long-term appeal. With strong rental potential and endless possibilities, this duplex is an opportunity you won?t want to miss in the heart of Geraldton. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$294K
Down payment30% · $88K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$12K

Annual cash flow

$-4K

Cash-on-cash

-5.07%

DSCR

0.73

Going-in cap

4.02%

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

65,560

Households

24,855

Median income

$77,000

Median age

41.6

Daytime population

86,896

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 108 FIRST NE AVENUE, Greenstone (Geraldton).

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.