For Lease · Multifamily

862 ARMOUR ROAD, Peterborough (Ashburnham Ward 4)

862 ARMOUR ROAD, Peterborough (Ashburnham Ward 4), ON K9H2A2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

91%

About this property

Rent for Top Floor only, No Basement included. Huge Two-bedroom, One Living room, Kitchen Open concept with Island. Three-piece washroom. Above ground Apartment with front entrance & back Deck patio for sitting. More than one Parking is available. Recently Renovated. AVAILABLE in Immediate. This is an individual unit and not shared. 2 BEDROOM 1 LIVINGROOM - RENOVATED BIG UNIT FOR LEASE Family Friendly Neighborhood with Modern Living. Separate Entrance, Big Kitchen with New Appliances and Lots of Storage. 2 bed, huge family room car parking available A Spacious Washroom with Standing Glass Shower Steps To School \\ Colleges, Public Transportation, Green Space & Parks, Shopping, Schools, Local Amenities And Minutes Tothe HWY. Large windows bathroom have bathtub, shower combo located minutes from downtown. Tenants get to Use of Fridge, Stove, Kitchen Pantry. Laundry is available. Pm for showings. We are small pet friendly Building. It is at armour rd Peterborough. Parking is available for 1 vehicle. Everyone has a separate, Hydro \\ water meters. Tenant must provide credit report, employment letter, recent pay stubs and references. We would need Rental application Residential Form 410 Filled & submitted. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

54,620

Households

20,896

Median income

$100,000

Median age

34.2

Daytime population

63,195

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for 862 ARMOUR ROAD, Peterborough (Ashburnham Ward 4).

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.