For Sale · Multifamily

204 - 9 QUEEN STREET W, Springwater (Elmvale)

204 - 9 QUEEN STREET W, Springwater (Elmvale), ON L0L1P0

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

95%

About this property

Bright, modern, and newly renovated-this upper-level 2-bedroom apartment delivers exceptional convenience in the heart of Elmvale. Featuring brand-new appliances, contemporary finishes, and no carpet throughout, the space offers a clean and stylish living experience. Located on Main Street with restaurants, shopping, and parks all within walking distance. On-site laundry available. Multiple units available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

133,892

Households

49,464

Median income

$79,000

Median age

40.5

Daytime population

204,043

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for 204 - 9 QUEEN STREET W, Springwater (Elmvale).

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.