For Sale · Multifamily

199 WELLINGTON STREET N, Woodstock (Woodstock - North)

199 WELLINGTON STREET N, Woodstock (Woodstock - North), ON N4S6R7

$319,900 total

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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

99%

About this property

A Rare Opportunity on a 94-Foot-Wide Lot in a Mature Woodstock Neighbourhood! Bring your vision, tools, and creativity to 199 Wellington St. N.! Situated on an impressive 94-foot-wide lot, this two-storey home offers an excellent opportunity for renovators, contractors, investors, flippers, or buyers looking to enter the market and create a home that reflects their own style. The property is being sold as is where is condition and will require improvements, making this a chance to purchase at a price point that allows you to take on the work and build value through renovation and updates. Whether you're looking to renovate and make it your own, improve the property as an investment, or explore the possibilities offered by the generous lot, there is plenty of room to bring your ideas to life. Located in a mature established neighbourhood with parks nearby and convenient access to a wide range of amenities, this property puts you close to the everyday essentials while offering the opportunity to create something special. For buyers priced out of turnkey homes, first-time buyers with renovation plans, experienced renovators, contractors, or those looking for their next project, this is an opportunity to get into an established Woodstock neighbourhood and add value over time. Priced with the condition and required improvements in mind - come see the potential and make 199 Wellington St. N. yours! *Property is being sold As-Is, Where-Is with no representations or warranties from seller* (id:66811)

Financial sandbox

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Estimate
Purchase price$320K
Down payment30% · $96K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$17K

Annual cash flow

$-1K

Cash-on-cash

-1.12%

DSCR

0.94

Going-in cap

5.21%

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

61,334

Households

22,883

Median income

$85,500

Median age

44.7

Daytime population

58,860

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 199 WELLINGTON STREET N, Woodstock (Woodstock - North).

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.