1/47407 SOUTHILL Drive, Kitchener
407 SOUTHILL Drive, Kitchener, ON N2A2R2
$819,000 total
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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
95%
About this property
PURPOSE BUILT DUPLEX WITH 2 X 2 BEDROOM UNITS AND A 1 BED + DEN IN THE BASEMENT. GROSS MONTHLY RENT IS $4,760. GAS BOILER HEAT. SEPARATE HYDRO METERS FOR 2 BEDROOMS. FLAT ROOF REPLACED IN 2020. CONVENIENT LOCATION FOR TENANTS WITH ACCESS TO SCHOOLS, HIGHWAY, MALL AND OTHER RETAIL AMENITIES. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$40K
Annual cash flow
$-5K
Cash-on-cash
-2.07%
DSCR
0.89
Going-in cap
4.92%
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
124,862
Households
51,438
Median income
$82,500
Median age
44.2
Daytime population
176,049
5-yr growth
1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 407 SOUTHILL Drive, Kitchener.
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.