For Sale · Multifamily

UNIT #1 - 462 VICTORIA STREET N, Tweed (Tweed (Village))

UNIT #1 - 462 VICTORIA STREET N, Tweed (Tweed (Village)), ON K0K3J0

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

97%

About this property

Newly renovated 1 bedroom unit in Tweed with in-suite laundry! Freshly updated throughout with modern finishes, quality updates and clean design. Excellent value with heat and one driveway parking space included in monthly rent. Fantastic central location close to downtown shops, services and recreation.Tenant pays hydro and water/sewer. December 1 occupancy. Requirements: complete rental application, full credit report and employment/income verification. Don't miss this turnkey rental! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

129,898

Households

51,271

Median income

$69,500

Median age

39.5

Daytime population

204,108

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for UNIT #1 - 462 VICTORIA STREET N, Tweed (Tweed (Village)).

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.