1/22103 KING STREET, Bluewater (Hensall)
103 KING STREET, Bluewater (Hensall), ON N0M1X0
$479,900 total
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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
92%
About this property
A turnkey investment opportunity in the heart ofHensall, this updated triplex offers strong cash flow, low operating costs, and the peace of mind that comes with extensive improvements. All three residential units have been updated, with the most recent renovation of Unit B completed in 2024. Since 2019, the property has seen significant upgrades, including new windows and doors throughout, as well as updated electrical and plumbing systems, making it an exceptionally low-maintenance addition to any portfolio. Whether you're a seasoned investor looking to expand your holdings or entering the rental market for the first time, this property is well-positioned to deliver reliable returns. It also presents a fantastic opportunity for owner-occupiers to live in one unit while the rental income from the others helps offset mortgage costs. Contact directly for the current rent roll and additional financial information. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$18K
Annual cash flow
$-9K
Cash-on-cash
-5.96%
DSCR
0.68
Going-in cap
3.75%
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
82,283
Households
32,306
Median income
$63,500
Median age
39.8
Daytime population
126,406
5-yr growth
7.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 103 KING STREET, Bluewater (Hensall).
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.