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$599,900 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
83%
Looking for a solid income-producing property? This well-maintained and upgraded fourplex offers an excellent opportunity to step into the rental market or add a strong performer to your existing investment portfolio. Offering good cash flow with minimal management, the property features three one-bedroom apartments and one two-bedroom apartment, with each unit enjoying the convenience of its own in-suite laundry. Location is another major advantage. Situated in Kenora's desirable Central neighbourhood, the property is near the newly redeveloped Central Community Club and just steps from downtown Kenora, Lake of the Woods, shopping, restaurants, services and amenities - an attractive and convenient location for tenants. Whether you're a first-time investor looking to build equity and generate passive income or an experienced landlord searching for your next rental property, this fourplex offers an appealing combination of income, location and ease of ownership. Put your money to work for you. (id:66811)
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Monthly debt service
$3K
Projected NOI
$24K
Annual cash flow
$-10K
Cash-on-cash
-5.37%
DSCR
0.71
Going-in cap
3.93%
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
87,458
Households
30,989
Median income
$84,000
Median age
44.7
Daytime population
74,396
5-yr growth
9.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 617 FIRST STREET S, Kenora (Central).
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.