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Business For Sale · Specialty

769 PRINCES STREET, Kincardine

769 PRINCES STREET, Kincardine, ON N2Z2Y5

$800,000 total

3,640.26 SF

Asset Class

Specialty

Size

3,640.26 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$220

Occupancy

87%

About this property

Expand your investment portfolio with this well-maintained brick multi-plex in central Kincardine. Featuring five (+1) fully rented one-bedroom units, the property offers an established rental income stream in a convenient, downtown location. Just steps from Victoria Park, tenants can enjoy everything Kincardine has to offer. Updates over the years include; a Natural Gas Boiler (2015), roof shingles (2012), water heater (2019), exterior paint (2018), several kitchen renovations, paint and flooring improvements. With its central location and proximity to Bruce Power, this property presents an appealing opportunity for investors seeking long or short-term rental income. Showings require a minimum of 24 hours' notice. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$50K

Annual cash flow

$6K

Cash-on-cash

2.53%

DSCR

1.14

Going-in cap

6.30%

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.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design1,850 SF2030-06
Blue Harbour Design1,313 SF2030-06

Area demographics

Trade area within 3 miles of the property.

Population

90,379

Households

34,402

Median income

$132,000

Median age

38.5

Daytime population

94,390

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 769 PRINCES STREET, Kincardine.

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.