For Sale · Multifamily

203 - 215 REUBEN CRESCENT, North Grenville

203 - 215 REUBEN CRESCENT, North Grenville, ON K0G1J0

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

86%

About this property

MOVE-IN PROMOTION! Sign a 16-month lease by December 31, 2026, with possession by January 1, 2027, and receive TWO MONTHS RENT FREE! All standard rental application requirements and conditions apply, including a completed rental application, satisfactory references, credit check, employment letter, required deposit, and execution of a 16-month lease agreement. Offer subject to approval and applicable rental conditions. Welcome to Parkside Living in Kemptville! This 1 bedroom, 1 bathroom apartment offers comfortable, modern living in a fantastic location beside Riverside Park. The suite features a bright, inviting layout with large windows, a private balcony, stainless steel appliances, in-suite laundry and individually controlled heating and air conditioning.Enjoy the convenience of having water, parking, and internet included in your monthly rent. Tenants are responsible for hydro only. The building is pet-friendly and offers professional property management and 24/7 emergency maintenance. Located beside Riverside Park, residents can enjoy easy access to walking trails, an outdoor pool, splash pad, pickleball courts, sports facilities, a seasonal skating rink and plenty of green space. The Kemptville Library, downtown shops, restaurants, grocery stores and other everyday amenities are also within walking distance. With easy access to Highway 416 and approximately 30 minutes to Ottawa, Parkside Living offers a great combination of modern apartment living, convenience and small-town charm. A wonderful place to call home! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

49,152

Households

19,668

Median income

$109,500

Median age

34.5

Daytime population

60,900

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 203 - 215 REUBEN CRESCENT, North Grenville.

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.