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$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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Aurora Legal LLP | 3,055 SF | 2030-09 |
| Aurora Legal LLP | 1,630 SF | 2030-09 |
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.
Confidential diligence documents for 869 MUSKOKA ROAD 10, Huntsville (Stephenson).
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.