For Sale · Multifamily

178 SAMUELSON Street, Cambridge

178 SAMUELSON Street, Cambridge, ON N1R1K3

$539,900 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

99%

About this property

MORTAGE HELPER!! Live in one unit and have the other offset carrying costs! Well confirgured, low maintanence legal duplex in Galt! Situated on a moderately sized corner lot close to all local amenities, the two self-contained units have one 1.5 car garage with a mezzanie, two dedicated driveways with multipe spots, two laundry rooms, and private entrances to both units. Unit 1: 2+1 Bed & 2 full washrooms. Unit 2: 2 Bed & 1 full washroom. This property will be sold vacant as both units are currently occupied by the owner. (id:66811)

Financial sandbox

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Estimate
Purchase price$540K
Down payment30% · $162K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$28K

Annual cash flow

$-2K

Cash-on-cash

-0.96%

DSCR

0.95

Going-in cap

5.25%

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

49,893

Households

22,416

Median income

$87,500

Median age

45.1

Daytime population

49,001

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 178 SAMUELSON Street, Cambridge.

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.