1/23423 - 425 VICTORIA STREET E, Cornwall
423 - 425 VICTORIA STREET E, Cornwall, ON K6H1R7
$469,000 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
89%
About this property
Well maintained four plex on a quiet street. Generating a gross revenue of $44,355.72. All tenants pay their own utilities. Unit 425 (2 bedrooms) pays $1300.00, Unit 425A (2 bedrooms) pays $722.62, Unit 423 ( 1 bed room and a den)pays $922.50 and Unit423A (1 bedroom and a den)pays $751.19. Good cash flow. Property tax $2674.24, water tax $3385.20. There is one rental hot water tank which costs $270.00 a year. Insurance is $2568.54. 24 hours notice is required for showings (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$17K
Annual cash flow
$-9K
Cash-on-cash
-6.21%
DSCR
0.66
Going-in cap
3.68%
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
143,813
Households
58,509
Median income
$85,000
Median age
40.4
Daytime population
171,909
5-yr growth
5.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 423 - 425 VICTORIA STREET E, Cornwall.
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.