Business For Sale · Multifamily

869 MUSKOKA ROAD 10, Huntsville (Stephenson)

869 MUSKOKA ROAD 10, Huntsville (Stephenson), ON P0B1L0

$799,000 total

5,631 SF

Asset Class

Multifamily

Size

5,631 SF

Building class

B

Zoning

RA9 — High Rise

$ / SF

$142

Occupancy

83%

Lot Size

1.23 ac

About this property

A rare multi-residential investment opportunity in the heart of Muskoka. The Robin Hood Apartments is an established 7-unit residential building set on a spacious, beautifully treed property in the village of Port Sydney. With established tenancies, a strong history of occupancy and a diversified unit mix, the property offers immediate income alongside long-term investment potential. The building comprises four 2-bedroom units and three 1-bedroom units, all currently occupied. Beyond the residential units, the property offers an impressive collection of amenities and ancillary spaces rarely found in a multi-residential offering of this size, including an in-ground pool, seven individual tenant storage units, workshop, poolside cabana, bunkie, tool shed and shared outdoor fire pit area, along with ample tenant and guest parking. The property has benefited from numerous improvements over the years, including roofing, siding and insulation, windows and doors, fire-safety upgrades, pool improvements, water filtration and more. Community Residential zoning provides for a broader range of permitted uses than conventional residential zoning, adding another layer of long-term flexibility to the property. Located within walking distance of the Port Sydney village core, residents have convenient access to local amenities, parks, the Port Sydney Rapids and the public beach on Mary Lake. Highway 11 is minutes away, providing an easy connection to both Huntsville and Bracebridge. For investors seeking an established multi-residential asset in Muskoka, The Robin Hood Apartments presents a compelling combination of seven occupied units, existing income, property amenities and a well-connected village location. (id:66811)

Financial sandbox

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Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$22K

Annual cash flow

$-22K

Cash-on-cash

-9.21%

DSCR

0.50

Going-in cap

2.78%

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.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP3,055 SF2030-09
Aurora Legal LLP1,630 SF2030-09

Area demographics

Trade area within 3 miles of the property.

Population

94,076

Households

36,453

Median income

$106,500

Median age

45.7

Daytime population

130,949

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 869 MUSKOKA ROAD 10, Huntsville (Stephenson).

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.