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$1.9M total
2,553 SF
Asset Class
Multifamily
Size
2,553 SF
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
$744
Occupancy
85%
Lot Size
2553 ac
A unique opportunity in the historic Hamlet of Norval! Situated on over half an acre with an impressive 132.25 ft of frontage onGuelph Street and the Credit River running along the rear of the property, 503 Guelph Street offers incredible potential in abeautiful setting. The residential portion is currently configured as three separate units. Unit A is a 1.5-storey, 3-bedroom,1-bathroom residence; Unit B offers 3 bedrooms and 1 bathroom; and Unit C is a bachelor unit with 1 bathroom. Laundry andhydro are currently shared. An oversized detached 1-car garage offers even more potential and awaits its next transformation.Zoned Hamlet Commercial (HC), the property permits a variety of uses including retail, bed and breakfast, medical offices,animal clinics, daycare and more. Just steps from where beloved Canadian author Lucy Maud Montgomery once lived, Norval isa hamlet rich in history, character and natural beauty, with convenient access to Highways 401 and 407. A remarkable lot.Flexible zoning. Endless possibilities. An opportunity within reach that you won't want to miss. (id:66811)
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Monthly debt service
$9K
Projected NOI
$54K
Annual cash flow
$-51K
Cash-on-cash
-8.95%
DSCR
0.52
Going-in cap
2.86%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 2,173 SF | 2027-12 |
Trade area within 3 miles of the property.
Population
61,168
Households
24,309
Median income
$93,000
Median age
31.5
Daytime population
58,705
5-yr growth
8.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 503 GUELPH STREET, Halton Hills (Rural Halton Hills).
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.