For Lease · Multifamily

220 - 411 LAKE STREET, St. Catharines (Lakeport)

220 - 411 LAKE STREET, St. Catharines (Lakeport), ON L2N4H5

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

85%

About this property

Modern 2-bedroom apartment available for lease at 411 Lake Street, located in the desirable North End of St. Catharines. This bright and spacious unit features generous-sized rooms, an in-suite washer and dryer, and a private 4' x 18' balcony. Rent includes one parking space and water; gas and hydro are extra. Enjoy quick access to the QEW and a well-established neighbourhood close to all amenities - many within walking distance - and just a 2-minute drive to Port Dalhousie. The building is smoke-free and pet-free. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

90,081

Households

36,917

Median income

$66,500

Median age

36.6

Daytime population

89,141

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 220 - 411 LAKE STREET, St. Catharines (Lakeport).

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.