For Lease · Multifamily

22 FREE DRIVE, Orillia

22 FREE DRIVE, Orillia, ON L3V4B2

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

99%

About this property

For lease in Orillia - fantastic large 2 bedroom main floor unit in great North Ward area close to the water, parks, trails and more. Ideal for a couple. Kitchen with island, bright living room, dining area with walk out to deck over looking private back yard. Hardwood floors throughout main area, and in-suite laundry. Garage with inside entry and driveway parking. Heat and Hydro included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

146,527

Households

63,664

Median income

$125,500

Median age

39.4

Daytime population

167,719

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 22 FREE DRIVE, 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.