Here’s a mixed use building located in Dundas West (Dufferin and Dundas) area that’s coming up for sale. The property has five units in it and will be generating a healthy cash flow of $466 per month. There is a bit of caution as different lenders will qualify this property as either commercial or residential. The use of the property currently is 100% residential and so are the taxes but the zonning is commercial. It’s a point worth noting!
Here are the financial metrics:
Annual Gross Rent Multiplier 16.6
Operating Expense Ratio 13.4%
Debt Coverage Ratio 1.08
Cap Rate (Purchase Price) 5.2%
Cash on Cash Return 1.7%
If you would like more information or are interested in seeing the property, please fill out the form below