For Lease · Multifamily

UNIT 7 - 744 LINCOLN STREET, Welland (Lincoln/Crowland)

UNIT 7 - 744 LINCOLN STREET, Welland (Lincoln/Crowland), ON L3B4R5

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

90%

About this property

Welcome to Lincoln Manor at 744 Lincoln Street. For Lease- a bright and affordable 1-bedroom, 1-bath unit in professionally managed Lincoln Manor, available for immediate occupancy. Enjoy carpet-free living, on-site laundry, water included, and optional parking ($50/month). This unit provides excellent value and a peaceful residential setting and convenient access to everyday amenities. Hydro and heat extra. Apply with credit report (with score), proof of employment and income, and photo ID. *Also Available a 2 bedroom for $1,695.00 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

120,104

Households

43,442

Median income

$106,500

Median age

32.7

Daytime population

135,427

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for UNIT 7 - 744 LINCOLN STREET, Welland (Lincoln/Crowland).

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.