For Sale · Multifamily

2 - 21 JESSIE STREET, St. Thomas

2 - 21 JESSIE STREET, St. Thomas, ON N5P1P7

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

84%

About this property

THREE MONTHS FREE RENT ON A 15 MONTH LEASE + $100 AMAZON GIFT CARD OR ONE MONTH FREE RENT ON A 13 MONTH LEASE + $100 AMAZON GIFT CARD! Enjoy comfortable and convenient living in this bright one bedroom main floor unit ideally located close to downtown St. Thomas and a wide range of everyday amenities. This well maintained space features a functional layout with plenty of natural light, along with the added convenience of in suite laundry and included parking. Situated near shopping, restaurants, public transit, and entertainment, this unit offers an excellent opportunity to enjoy central city living. Electricity is not included in the rent. Water and heat are included in the rent. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

142,565

Households

63,511

Median income

$74,000

Median age

40.9

Daytime population

168,391

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 2 - 21 JESSIE STREET, St. Thomas.

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.