For Lease · Multifamily

2 - 434 WORTHINGTON STREET E, North Bay (Central)

2 - 434 WORTHINGTON STREET E, North Bay (Central), ON P1B1H5

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Welcome to this well-maintained 1-bedroom, 1-bathroom apartment located in the heart of downtown, just steps from shopping, restaurants, public transit, and all essential amenities. This bright and comfortable unit offers a functional layout, making it ideal for a single professional or couple. On-site laundry is available for added convenience. Enjoy the convenience of downtown living with everything you need just minutes away. Don't miss this great leasing opportunity! FISHER TO WORTHINGTONALL INCLUSIVE RENT -HEAT , HYDRO , WATER , AND ON SITE LAUNDRY. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

138,417

Households

48,758

Median income

$138,000

Median age

39.4

Daytime population

164,483

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 2 - 434 WORTHINGTON STREET E, North Bay (Central).

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.