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$849,900 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
99%
Year Built
1988
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)
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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.
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.
Confidential diligence documents for 26 RENFREW Street E, Caledonia.
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.