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For Sale · Multifamily

27 HILL STREET, Lambton Shores (Grand Bend)

27 HILL STREET, Lambton Shores (Grand Bend), ON N0M1T0

$1.4M 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

100%

About this property

Grand Bend Income/Investment property. One row back from Grand Bends North Beach. This one floor 3 unit Triplex is fully rented (long term tenants)and situated on a 120' lot. 2x2 bedroom units and 1x1 bedroom unit. Tenants pay hydro, Each unit has individual heat control. Shared coin laundry plus a lower level auxiliary suite for guests. Ideal location, Development potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.45M
Down payment30% · $435K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-10K

Cash-on-cash

-2.39%

DSCR

0.87

Going-in cap

4.82%

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

140,890

Households

65,711

Median income

$87,500

Median age

41.7

Daytime population

132,860

5-yr growth

2.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 27 HILL STREET, Lambton Shores (Grand Bend).

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.