For Sale · Multifamily

21-23 GUELPH STREET, Halton Hills (Georgetown)

21-23 GUELPH STREET, Halton Hills (Georgetown), ON L7G3Z3

$819,900 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

89%

About this property

Welcome to this charming 2-storey duplex in the heart of Georgetown, offering a fantastic opportunity for investors or buyers seeking a versatile multi-unit property with income potential. Situated on a generous 66 x 132 ft lot, this property features two spacious above-grade units and a finished basement apartment. Surrounded by mature trees and greenery, the property combines character, functionality, and a convenient location close to everyday amenities. Both above-grade units feature bright and spacious living and dining areas with laminate flooring, large windows, and functional layouts designed for comfortable everyday living. The kitchens offer ample cabinetry and patio access. The bedrooms are located on the second level, offering separation from the main living areas, while one unit also features a versatile den that can serve as a home office, study, or additional flexible space. The finished basement apartment offers an open-concept living and dining area, a functional kitchen, a separate bedroom, and a 4-piece bathroom, providing additional accommodation. With three kitchens, three bathrooms, separate in-suite laundry and parking for three vehicles, this property offers flexibility for a variety of living arrangements. Currently tenanted on month-to-month leases, the property generates a combined rental income of $5,350 per month, including utilities, making it an attractive opportunity for those looking to expand their investment portfolio. Ideally located near parks, schools, public transit, recreational facilities, and downtown Georgetown's shops and restaurants, this property offers the convenience of an established community with excellent long-term potential. Unit 21: 2+1 bed, 1 4pc bath, 1 parking. Unit 23: 2 bedroom, 1 4pc bath, 1 parking. Basement: 1 bed, 1 4pc bath, 1 parking. (id:66811)

Financial sandbox

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Estimate
Purchase price$820K
Down payment30% · $246K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$27K

Annual cash flow

$-19K

Cash-on-cash

-7.56%

DSCR

0.59

Going-in cap

3.27%

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

103,157

Households

45,625

Median income

$91,000

Median age

31.1

Daytime population

107,675

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 21-23 GUELPH STREET, Halton Hills (Georgetown).

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.