For Lease · Multifamily

31 WATERLOO STREET S, Stratford

31 WATERLOO STREET S, Stratford, ON N5A4A5

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

89%

About this property

Fully updated 2 bedroom, 1 bathroom apartment available for lease in a convenient Stratford location. Featuring a modern interior, in suite laundry, and one designated parking space, this unit offers comfortable, low maintenance living. Enjoy being just steps from the Avon River, parks, shops, restaurants, and all the amenities of downtown Stratford. A great opportunity for tenants looking for an updated home in a walkable neighbourhood. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

98,094

Households

40,292

Median income

$83,000

Median age

42.3

Daytime population

138,007

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 31 WATERLOO STREET S, Stratford.

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.