Sunday, February 18, 2018
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Mixed use building in Dundas West for Sale

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%

 Click here to get a copy of the financial review

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If you would like more information or are interested in seeing the property, please fill out the form below