For Lease · Multifamily

UNIT 1 - 520 HIGH STREET, Orillia

UNIT 1 - 520 HIGH STREET, Orillia, ON L3V4Y1

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

94%

About this property

For Lease - 2 bedroom main floor unit in Purpose Built 4 unit building. Located in the south east Orillia on City Transit, close to the Hwy 12, water, parks, trails and more. Large bright living area with good size windows. On-site Laundry. Parking included. Flexible with possession dates. Utilities are in addition to rent. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

143,745

Households

62,229

Median income

$108,500

Median age

44.9

Daytime population

208,692

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for UNIT 1 - 520 HIGH STREET, Orillia.

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.