For Sale · Multifamily

BASEMENT - 8 REDWOOD COURT, Barrie (Grove East)

BASEMENT - 8 REDWOOD COURT, Barrie (Grove East), ON L4M5G7

Price on request

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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

94%

About this property

Welcome to 8 Redwood Court! This clean and renovated basement unit will not disappoint! Located in a fantastic neighbourhood close to Royal Victoria Regional Health Centre, Georgian College, Highway 400, parks, shopping and much more! Visit today! (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

99,662

Households

43,052

Median income

$92,500

Median age

45.1

Daytime population

151,317

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for BASEMENT - 8 REDWOOD COURT, Barrie (Grove East).

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.