For Sale · Multifamily

B - 487 EAGLE STREET, Newmarket (Central Newmarket)

B - 487 EAGLE STREET, Newmarket (Central Newmarket), ON L3Y1K7

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

93%

About this property

Situated in one of central Newmarket's most established and family-friendly residential pockets, 487 Eagle Street offers convenient living with everything the town has to offer just minutes away. This bright, second-floor 2-bedroom, 1-bathroom unit occupies the top floor of the building and features a spacious private balcony with direct walk-out access from the kitchen - the perfect spot to enjoy your morning coffee or unwind outdoors. Fitness and recreation are practically at your doorstep, with the Ray Twinney Recreation Complex offering an arena, pool, and fitness facilities. Historic Main Street Newmarket is just a short trip away, featuring charming heritage storefronts, independent restaurants, cafes, and pubs. Enjoy the outdoors at nearby Fairy Lake Park and along the scenic Tom Taylor Trail, while Riverwalk Commons hosts community events, markets, and seasonal festivities throughout the year. Everyday convenience is covered with Upper Canada Mall, grocery stores, restaurants, and a wide range of retail options just a short drive away. Commuters and healthcare professionals will appreciate the proximity to Southlake Regional Health Centre, Newmarket GO Station, and Viva rapid transit, with quick access to Highway 404 for an easy commute throughout York Region and the GTA. Complete with one dedicated parking space, this is a fantastic opportunity to enjoy comfortable living in a convenient and well-connected Newmarket location. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

118,890

Households

41,769

Median income

$68,500

Median age

41

Daytime population

189,308

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for B - 487 EAGLE STREET, Newmarket (Central Newmarket).

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.