







1/9UNIT 6 - 39 1ST AVENUE S, Arran-Elderslie, ON N0G1L0
Price on request
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Asset Class
Multifamily
Size
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Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
94%
Welcome to Unit 6 at 39 1st Avenue South in Chesley! This inviting main-floor apartment offers 2 bedrooms and 1 bathroom, along with a bright, open-concept kitchen, dining, and living area that creates a comfortable and functional space for everyday living. Patio doors off the living area lead to your own private balcony, the perfect spot to enjoy your morning coffee or unwind at the end of the day. The convenient main-floor location provides easy access without the need for stairs. Situated in the charming community of Chesley, you're just minutes from local shops, restaurants, and amenities. A great opportunity for anyone looking for comfortable, low-maintenance living in a welcoming small-town setting!**Rental Application Requirements:** Please submit a completed rental application along with supporting documents, including a credit report and score, proof of financial resources (such as pay stubs from the past 2 months), and photo ID. The successful applicant will then be asked to submit a formal Agreement to Lease.Tenants are responsible for hydro, internet, and tenant insurance. Parking available to purchase from the Municipality (Chesley riverside park #28) Yearly fee $288.61 or $57.72 monthly. (id:66811)
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Monthly debt service
$7K
Projected NOI
$81K
Annual cash flow
$-2K
Cash-on-cash
-0.40%
DSCR
0.98
Going-in cap
5.42%
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
51,416
Households
22,031
Median income
$123,500
Median age
32.1
Daytime population
61,999
5-yr growth
0.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for UNIT 6 - 39 1ST AVENUE S, Arran-Elderslie.
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.