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For Lease · Multifamily

106 - 82 MUNROE STREET, Cobourg

106 - 82 MUNROE STREET, Cobourg, ON K9A1C1

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

98%

About this property

Excellent building. $2250 a month plus utilities. Apartment for Lease. Located in a 4 storey well kept building. This unit is on the first floor. This 2 bedroom unit is available immediately. Kitchen has a breakfast nook and has a stove, fridge and dishwasher and combined with living room. The basement has the coin operated laundry facilities for the entire building. First and last months rent is required plus a $10 key deposit and in the form of a bank draft. There are no lockers in the building. This unit is available anytime. Background check is required, reference check and previous landlord information is required if applicable. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

112,911

Households

47,199

Median income

$93,500

Median age

43.2

Daytime population

152,536

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 106 - 82 MUNROE STREET, Cobourg.

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.