For Sale · Multifamily

16 STORE STREET, Prince Edward County (Hillier Ward)

16 STORE STREET, Prince Edward County (Hillier Ward), ON K0K1T0

$649,000 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

99%

About this property

16 Store st is a turnkey and fully renovated side-by-side duplex in the heart of Consecon, Prince Edward County! A smart opportunity for investors or buyers looking to build long-term equity. Restored brickwork, updated electrical and charming character retained with the major improvements. This duplex offers a total of 7 Beds and 4 baths. Two separate driveways service the property. 16A includes entry through a built-in sunroom, 3 beds and 2 baths plus a walkout to the back patio. 16B has the option of 4 beds, 2 baths including an accessible ramp entry and shower stall! Live in one side and offest your mortgage, explore short-term rental potential or space for your multi-generational family. Just 15 minutes to highway 401 and centrally located between the GTA and Ottawa. This property is set across from Consecon Creek which flows into Weller's Bay - a great location for kayaking, fishing and enjoying waterfront lifestyle without the waterfront price. (id:66811)

Financial sandbox

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Estimate
Purchase price$649K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$24K

Annual cash flow

$-12K

Cash-on-cash

-6.27%

DSCR

0.66

Going-in cap

3.66%

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

104,013

Households

36,864

Median income

$98,500

Median age

44.3

Daytime population

136,280

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 16 STORE STREET, Prince Edward County (Hillier Ward).

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.