For Lease · Multifamily

1 - 5108 MONTROSE ROAD, Niagara Falls (Ascot)

1 - 5108 MONTROSE ROAD, Niagara Falls (Ascot), ON L2H1K5

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

95%

About this property

Bright, spacious main floor unit available for Lease in quiet building. This apartment with both front and back porches and also outdoor commonspace to enjoy! Great Niagara Falls location, close to all amenities. Heat, water included. Hydro, cable, internet, phone the responsibility of the tenant. Rental application, current credit report and score, two month's income verification, 1st and last month's rent deposit required. This apartment is ready for occupancy November 1st. (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

65,240

Households

26,801

Median income

$124,000

Median age

34.6

Daytime population

77,681

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 1 - 5108 MONTROSE ROAD, Niagara Falls (Ascot).

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.