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For Sale · Multifamily

98 DOURO STREET, Stratford

98 DOURO STREET, Stratford, ON N5A3R5

$624,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

99%

About this property

A FANTASTIC INVESTMENT OPPORTUNITY - TWO UNITS, ENDLESS POSSIBILITIES!Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this beautifully maintained, renovated brick duplex deserves your attention!Featuring two spacious, self-contained units offering three bedrooms and two bedrooms respectively, this property presents an excellent opportunity for both seasoned investors and those looking to enter the income-property market.One unit is currently occupied by an excellent, well-qualified tenant, while the second unit is vacant and ready for its next occupant - or for an owner looking to enjoy the benefits of living in one unit while collecting rental income from the other.Even better, each unit has its own hydro, heating and water expenses, providing tenants with control over their individual utility costs and helping simplify ownership.The solid brick building has been well cared for and is conveniently located within a short walking distance to the city core, making it an attractive and convenient rental location.Why pay for your entire mortgage when your property can help pay for itself?Opportunities like this don't come along every day. Whether you're building wealth through real estate or looking for a property with flexibility and income potential, this is one you won't want to miss. Two sets of fridges, stoves, washers and dryers, water heaters, central air conditioners. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$625K
Down payment30% · $187K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$22K

Annual cash flow

$-12K

Cash-on-cash

-6.56%

DSCR

0.64

Going-in cap

3.57%

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

68,719

Households

27,567

Median income

$125,500

Median age

33.5

Daytime population

113,610

5-yr growth

6.6%

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

Secure deal room

Confidential diligence documents for 98 DOURO STREET, Stratford.

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.