Price $2.2m. Multi-family Investors – this is your time to upgrade your rental portfolio!! Own a High-end “Crestwood” community a 7 units – 3plex Townhouse. This brand new “3plex townhouse” with legal suites make total of “3 up + 3 down units + 1 garage suite”. The upper unit each has 3 beds, 2.5 baths. Lower units each have 1 bed, 1 bath, and a Den. The garage suite has 2 beds, and 1 bath. The property is projected to generate approximately $156,600 in annual gross rent and cap rate of 4.65%. Fully finished and equipped with all appliances and landscaping. Currently DP stage and estimated completion at the end of 2025. This project qualifies for the CMHC MLI Select program.
Projected Financing:
Monthly rent: $ 13,050 (7 units)
Vacancy rate: 4.5%
EGI: $149,553
Total Expenses: 32%
Cap rate: 4.65%
NOI: $102,295.94
Mortgage loan: $1,975,183.70 @ 4.1% (as of 2025/03/04)
