















1/17108 FIRST NE AVENUE, Greenstone (Geraldton), ON P0T1M0
$294,000 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
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Occupancy
89%
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)
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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.
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.
Confidential diligence documents for 108 FIRST NE AVENUE, Greenstone (Geraldton).
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.