For Lease · Multifamily

21 PEPPER AVENUE, Belleville (Belleville Ward)

21 PEPPER AVENUE, Belleville (Belleville Ward), ON K8P4R2

Price on request

—

Asset Class

Multifamily

Size

—

Building class

A

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

94%

About this property

FOR LEASE. Enjoy worry-free renting with this ALL-INCLUSIVE lower-level rental. This move-in ready 2-bedroom, 1 bathroom residence is in the West end of town and offers flexibility, convenient location and in-suite laundry. Approximately 900 sq. ft. of total living space, and a common side entrance leads to separate access for each of the 2 units, ensuring privacy. The property boasts a large 164-ft deep fenced yard with a storage shed and 2 parking spots for each unit. Conveniently located on the City Bus route and close to town and highway, offering easy commuter access and ideal location for persons attending Loyalist College. Additional features such as vinyl windows, a forced-air gas furnace, and laminate flooring. Appliances included are: fridge, stove, washer and dryer. Immediate possession is available for this unit. Nothing to pay except your rent allows you to have predicable expenses and easier to budget. Rental application required for all applicants including: credit score, references, employment letter and valid government identification. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

106,585

Households

39,981

Median income

$73,500

Median age

42

Daytime population

175,662

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 21 PEPPER AVENUE, Belleville (Belleville Ward).

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.