For Sale · Multifamily

55 RUTILE STREET, Clarence-Rockland

55 RUTILE STREET, Clarence-Rockland, ON K4K0M6

$724,500 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

98%

About this property

***OPEN HOUSE SUNDAY FROM 2 - 4 PM @ 2529 GRAY CRES, ROCKLAND*** This thoughtfully designed 'The Azur' model is a purpose-built 2-story home featuring a LEGAL SECONDARY DWELLING UNIT! The main unit boasts 1744 sq/ft of living space, 3 bedrooms, 1.5 baths, a 2-car garage, open concept living & fantastic finishes throughout. The basement unit features 1 bedroom, 1 bath, a separate entrance & is fully legal/separate from the main unit. 1367 Diamond sits on a premium pie-shaped lot, offering an oversized backyard. Welcome to Morris Village, where you'll discover this newly developed community strategically located to offer a harmonious blend of tranquility, access to amenities & a convenient 25-minute drive to Ottawa. Crafted by Landric Homes (aka the multi-award-winning Construction LaVerendrye in QC), this purpose-built 2-story home will leave you in awe. Construction LaVerendrye, renowned for their expertise, reliability, dedication to excellence & timely project delivery, consistently upholds these standards in every community they develop. Model home tours available. Price, specs & details may be subject to change without notice. *Price shown is net of New Rebates, such New Rebates are subject to the enactment of federal and provincial legislation and the purchase price is at all times subject to the terms of any APS between the builder and the buyer.* (id:66811)

Financial sandbox

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Estimate
Purchase price$725K
Down payment30% · $217K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$34K

Annual cash flow

$-6K

Cash-on-cash

-2.82%

DSCR

0.85

Going-in cap

4.70%

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

56,776

Households

26,910

Median income

$93,000

Median age

43.3

Daytime population

89,445

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 55 RUTILE STREET, Clarence-Rockland.

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.