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Business For Sale · Multifamily

192 MILL STREET, Essa (Angus)

192 MILL STREET, Essa (Angus), ON L3W0G4

$1.4M total

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Asset Class

Multifamily

Size

—

Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

83%

About this property

This ICF Construction 6 Plex Is Simply Stunning And Built Only 11 Years Ago making this a rare find! Units Are Separately Metered For Hydro/ Gas Plus 2 Units Are Designed For Wheelchair Accessibility! This Shows As Impressive Inside As It Does Out. Situated in the growing community Of Angus - Home Of Canadian Forces Training Centre (CFB Borden). Across From Mcdonalds, Shoppers Drug Mart, Sobey's, Lcbo and just 15 Minutes West Of Barrie And 20 Minutes North To Wasaga Beach.Situated On The Main Road Across From Popular Strip Mall On A Lot That Is .38 Acres. Simply No Improvements Can Be Made To This! **EXTRAS** lot measurements 82.59 ft x 158.60 ft x 99.81 ft x 167.28 ft (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.39M
Down payment30% · $416K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$51K

Annual cash flow

$-26K

Cash-on-cash

-6.25%

DSCR

0.66

Going-in cap

3.67%

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

49,208

Households

17,956

Median income

$106,000

Median age

45.8

Daytime population

42,707

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 192 MILL STREET, Essa (Angus).

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.