10-16 ORCHARD PLACE, Chatham-Kent10-16 ORCHARD PLACE, Chatham-Kent — photo 210-16 ORCHARD PLACE, Chatham-Kent — photo 310-16 ORCHARD PLACE, Chatham-Kent — photo 410-16 ORCHARD PLACE, Chatham-Kent — photo 510-16 ORCHARD PLACE, Chatham-Kent — photo 610-16 ORCHARD PLACE, Chatham-Kent — photo 710-16 ORCHARD PLACE, Chatham-Kent — photo 810-16 ORCHARD PLACE, Chatham-Kent — photo 910-16 ORCHARD PLACE, Chatham-Kent — photo 1010-16 ORCHARD PLACE, Chatham-Kent — photo 1110-16 ORCHARD PLACE, Chatham-Kent — photo 1210-16 ORCHARD PLACE, Chatham-Kent — photo 1310-16 ORCHARD PLACE, Chatham-Kent — photo 1410-16 ORCHARD PLACE, Chatham-Kent — photo 1510-16 ORCHARD PLACE, Chatham-Kent — photo 1610-16 ORCHARD PLACE, Chatham-Kent — photo 1710-16 ORCHARD PLACE, Chatham-Kent — photo 1810-16 ORCHARD PLACE, Chatham-Kent — photo 1910-16 ORCHARD PLACE, Chatham-Kent — photo 2010-16 ORCHARD PLACE, Chatham-Kent — photo 2110-16 ORCHARD PLACE, Chatham-Kent — photo 2210-16 ORCHARD PLACE, Chatham-Kent — photo 23
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Business For Sale · Multifamily

10-16 ORCHARD PLACE, Chatham-Kent

10-16 ORCHARD PLACE, Chatham-Kent, ON N7M1A6

$719,600 total

4,416 SF

Asset Class

Multifamily

Size

4,416 SF

Building class

B

Zoning

RF6 — Medium Density

$ / SF

$163

Occupancy

83%

About this property

This is a Condominium Townhome Assembly comprising of 4 separate row townhomes out of a block of 6. Townhomes 43 & 45 DO NOT not form part of this resale. Each townhome has it's own maintenance fee, property taxes, and separately metered utility services. There are 4 separate Legal Descriptions/ Titles. Room Dimensions/ Descriptions shown here in are for a single (1 of 4) Condominium Townhomes. Four out of a block of Six all brick centrally located well established 2 storey, 3 bedroom, 2washroom condominium townhomes each with own exclusive parking, and sizeable useable/unfinished basement, laundry area, and gas forced air heating. Designated surface parking immediately in front, walk-out to rear garden, grounds maintained by condominium corporation with low maintenance/ condo fees. Walk to the Thames River, Tim Hortons, public transit, schools, places of worship, shopping, and other community amenities. Safety services are within 2 kms distance. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$720K
Down payment30% · $216K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$28K

Annual cash flow

$-12K

Cash-on-cash

-5.51%

DSCR

0.70

Going-in cap

3.89%

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.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP1,442 SF2034-10
Aurora Legal LLP871 SF2034-10
Aurora Legal LLP536 SF2034-10
Aurora Legal LLP816 SF2034-10

Area demographics

Trade area within 3 miles of the property.

Population

76,223

Households

34,620

Median income

$87,000

Median age

42.8

Daytime population

69,261

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 10-16 ORCHARD PLACE, Chatham-Kent.

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.