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$2.0M total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
86%
Lot Size
2.349 ac
Exceptional Investment Opportunity in Rapidly Growing Stayner! Situated on just over 2.3 acres in the heart of Stayner, this purpose-built 6-plexoffers a rare chance to secure a solid income-generating asset in a community experiencing booming residential and commercial development. Each of the six well-maintained units features 2 spacious bedrooms, 1 full bathroom, and functional layouts ideal for tenants seeking comfort and convenience. The property also includes on-site coin-operated laundry facilities, ensuring additional income potential and tenant satisfaction. Tenants will appreciate the ample parking, generous green space, and proximity to local amenities including schools, shops, restaurants, and transit. With room to explore future expansion, the long-term value of this property is undeniable. Stayner is fast becoming a desirable hub for both commuters and families seeking a small-town lifestyle with easy access to Collingwood, Wasaga Beach, and Barrie. Whether you're a seasoned investor or just entering the multi-residential market, this is a turnkey opportunity you won't want to miss! Don't miss out-invest in the future of Stayner today! (id:66811)
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Monthly debt service
$9K
Projected NOI
$61K
Annual cash flow
$-50K
Cash-on-cash
-8.33%
DSCR
0.55
Going-in cap
3.04%
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
69,748
Households
26,191
Median income
$99,500
Median age
32.7
Daytime population
71,760
5-yr growth
6.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 195 LOUISA STREET, Clearview (Stayner).
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.