Business For Sale · Multifamily

292 WILLIAM STREET E, Oshawa (O'Neill)

292 WILLIAM STREET E, Oshawa (O'Neill), ON L1G1K8

$829,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

88%

About this property

Legal Four Plex 2 Story built in 1910 on a quite street, the property has a large back yard with lots of driveway and parking one spot for each apartment plus some extra. The property has four one bedroom apartments all very similar in size and layout. The basement is split into 2 sections the back section is laundry and has 2 washers and 2 coin dryers. All units are currently rented one at $1325 plus Hydro this tenant takes care of the yard maintenance, one rented at $1500 Monthly plus hydro and 2 rented at $1525 plus hydro all of the tenants would like to stay. The property shows very well all units only one may not in excellent shape. The tenants are excellent tenants always pay on time and keep the units looking really good. The property backs onto the development underway to the north, which is the vacant parcel that starts at Adelaide Road and Ritson Road and goes south and east. 278 William is being sold as well and listed at $684,900.00 the two properties combined are almost an half an acre. (id:66811)

Financial sandbox

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Estimate
Purchase price$830K
Down payment30% · $249K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$26K

Annual cash flow

$-20K

Cash-on-cash

-7.93%

DSCR

0.57

Going-in cap

3.16%

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

134,562

Households

63,837

Median income

$125,500

Median age

37.1

Daytime population

185,558

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 292 WILLIAM STREET E, Oshawa (O'Neill).

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.