For Lease · Multifamily

1530 SOMERGROVE CRESCENT, Pickering (Brock Ridge)

1530 SOMERGROVE CRESCENT, Pickering (Brock Ridge), ON L1X2K7

Price on request

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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

100%

About this property

Welcome to 1530 Somergrove Crescent! This beautifully renovated all-brick detached home issituated on a premium corner lot in one of Pickering's desirable family-friendlyneighbourhoods. This lease is for the upper portion only, offering 4 spacious bedrooms and 3bathrooms above grade.The home features a bright open-concept living and dining area, a beautifully renovated kitchenoverlooking the inviting family room with fireplace, main-floor laundry, and direct access tothe double-car garage. Enjoy numerous quality upgrades including newer windows, updatedflooring and bathrooms, smart home switches, security cameras, and an EV charger connection inthe garage.The property also offers a beautifully finished outdoor space with interlocking, a retainingwall, fire pit, mature fruit-bearing trees, and plenty of room to enjoy or entertain.Ideally located close to public and French immersion schools, parks, shopping, transit, majorhighways, and places of worship.Basement unit is separately rented and not included in the lease. Utilities are shared, withthe upper-unit tenant responsible for 70% and the basement tenant responsible for 30%.A fantastic opportunity to lease a spacious, upgraded family home in a convenient Pickeringlocation. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$89K

Annual cash flow

$6K

Cash-on-cash

1.31%

DSCR

1.07

Going-in cap

5.94%

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

134,056

Households

53,789

Median income

$101,000

Median age

44.6

Daytime population

177,899

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 1530 SOMERGROVE CRESCENT, Pickering (Brock Ridge).

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.