For Sale · Multifamily

26 RENFREW Street E, Caledonia

26 RENFREW Street E, Caledonia, ON N3W1E8

$849,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

99%

Year Built

1988

About this property

Discover the potential of this legal fourplex in the growing, family-friendly community of Caledonia! Enjoy the charm and welcoming feel of small-town living while remaining a short drive to Hamilton and surrounding cities. Each of the four self-contained units offers 2 bedrooms and 1 bathroom, along with 2 parking spaces per unit. Whether you’re an investor looking to expand your portfolio, friends or family considering purchasing together, or a first-time buyer looking to live in one unit while renting out the others, this property offers plenty of possibilities. Caledonia continues to grow and develop, making it an exciting community to invest in as new development and amenities continue to take shape. Real estate is about looking ahead, and purchasing in a growing community can offer the opportunity to benefit from that future growth. Enjoy nearby parks, trails, the Grand River, local shops and everyday amenities, with convenient access to larger urban centres. Four units, ample parking and a growing community the potential here is worth a closer look! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$850K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$36K

Annual cash flow

$-11K

Cash-on-cash

-4.44%

DSCR

0.76

Going-in cap

4.21%

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

58,984

Households

23,709

Median income

$122,500

Median age

38.9

Daytime population

65,533

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 26 RENFREW Street E, Caledonia.

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.