For Sale · Multifamily

UNIT 6 - 39 1ST AVENUE S, Arran-Elderslie

UNIT 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%

About this property

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)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for UNIT 6 - 39 1ST AVENUE S, Arran-Elderslie.

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.