Business For Sale · Multifamily

378 MARA ROAD, Brock (Beaverton)

378 MARA ROAD, Brock (Beaverton), ON L0K1A0

$1.2M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

99%

Lot Size

0.4 ac

About this property

Attention Investors!!! Welcome to this Legal 5-Plex On a Huge 0.4 Acre Lot with 78+ CAP Rate! This Century Home Investment Offers loads of Character. Five 2-Bedroom Apartments with Legal NCStatus. Over $9,200/Mo Gross Rents making this the perfect Investment. This property features Hardwood Floors, Lots Of Parking (Over 10 Cars), New Boiler (2022), 4/5 Units Upgraded With New Kitchens And Updated Bathrooms (2021/2022), 6 Hydro Meters, New Thermostat for all units, Heat Detection System and Much More! Short Walk To Lake Simcoe And Downtown Beaverton, Beaverton Public School At Backyard Of Property, Close to Groceries Stores, and all Amenities making This The PERFECT Income Generating Asset! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$57K

Annual cash flow

$-9K

Cash-on-cash

-2.54%

DSCR

0.86

Going-in cap

4.78%

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

139,542

Households

57,336

Median income

$67,500

Median age

36.2

Daytime population

199,398

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for 378 MARA ROAD, Brock (Beaverton).

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.