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For Sale · Multifamily

23 ASKEW STREET, Leamington

23 ASKEW STREET, Leamington, ON N8H1X4

$424,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

96%

About this property

Great investment opportunity in the heart of Leamington! Featuring 2 separate houses on one property with a total of 4 rental units, this property offers excellent income potential for investors looking to expand their portfolio. Currently, 2 of the 4 units are occupied, including a 3-bedroom unit rented for $1,750/month plus hydro and a 1-bedroom unit rented for $600/month plus all utilities, generating $2,350 in monthly rental income. The remaining 2 vacant units offer an opportunity for renovations and additional rental income. Conveniently located within walking distance to shopping, restaurants, schools and other local amenities. Whether you're an experienced investor or looking to get started, this property offers plenty of potential to add value and increase your returns. Contact us today for more information or to schedule your private showing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$425K
Down payment30% · $127K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$15K

Annual cash flow

$-9K

Cash-on-cash

-7.04%

DSCR

0.62

Going-in cap

3.43%

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

43,968

Households

18,332

Median income

$104,000

Median age

31.8

Daytime population

71,237

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 23 ASKEW STREET, Leamington.

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.