Business For Sale · Multifamily

195 LOUISA STREET, Clearview (Stayner)

195 LOUISA STREET, Clearview (Stayner), ON L0M1S0

$2.0M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

86%

Lot Size

2.349 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$2.00M
Down payment30% · $600K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 195 LOUISA STREET, Clearview (Stayner).

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.