67 apartment units in Muskoka 60% of units under market rent by at least $6000.per year EACH. 5% cap rate on current $805,000.net rent PRINCIPAL PLEASE - Ca-type-apartment-buildings

21 Aug 2023


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</style></head><body><table><tr><th class='dispLabel'>Message Number</th><td class='dispData'>418002</td>
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<tr><th class='dispLabel'>status</th><td class='dispData'>Active</td>
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<tr><th class='dispLabel'>Subject Line</th><td class='dispData'>67 apartment units in Muskoka 60% of units under market rent by at least $6000.per year EACH. 5% cap rate on current $805,000.net rent          PRINCIPAL PLEASE</td>
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<tr><th class='dispLabel'>Business area</th><td class='dispData'><table class='tree1'><tr><td class='tree1'><table class='tree'><tr><td class='tree2'>Canada</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Ontario</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Northern Ontario</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Muskoka</td></tr><tr></tr></table></td></tr></table></td></tr></table></td></tr></table></td></tr></table></td>
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<tr><th class='dispLabel'>Have/Want</th><td class='dispData'>Have</td>
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<tr><th class='dispLabel'>Business category</th><td class='dispData'>Apartment buildings/multi unit/condo townhouse projects/investments</td>
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<tr><th class='dispLabel'>Date of Listing</th><td class='dispData'>August 21 2023</td>
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<tr><th class='dispLabel'>Type Description</th><td class='dispData'> apartments</td>
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<tr><th class='dispLabel'>Net Income</th><td class='dispData'>805000</td>
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<tr><th class='dispLabel'>Cap Rate</th><td class='dispData'>5</td>
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<tr><th class='dispLabel'>Comments</th><td class='dispData'>Gravenhurst, Bracebridge and  Huntsville is a very low vacancy, high rent and low property tax rate area
<br>there is assumable 1st mortgages with approval CMHC of approx. $5,650,000. first mortgage @2.88%
<br>with just under 4 years remaining
<br>VTB possible</td>
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<tr><th class='dispLabel'>Internet Links</th><td class='dispData'></td>
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<tr><th class='dispLabel'>Member Identifier</th><td class='dispData'>1557</td>
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<tr><th class='dispLabel'>Client Details</th><td class='dispData'>Active Investor</td>
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<tr><th class='dispLabel'>Broker's Recommendation</th><td class='dispData'>a lot of opportunity for increases to income</td>
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<tr><th class='dispLabel'>Control</th><td class='dispData'>Exclusive</td>
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<tr><th class='dispLabel'>Name</th><td class='dispData'>Bruce Brown</td>
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<tr><th class='dispLabel'>Title</th><td class='dispData'>Sales Representative</td>
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<tr><th class='dispLabel'>Company Name</th><td class='dispData'>Ed Lowe Limited, Brokerage</td>
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<tr><th class='dispLabel'>Address Line One</th><td class='dispData'>190 Dunlop Street East</td>
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<tr><th class='dispLabel'>City</th><td class='dispData'>Barrie</td>
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<tr><th class='dispLabel'>State/Province</th><td class='dispData'>Ontario</td>
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<tr><th class='dispLabel'>Zip/Postal Code</th><td class='dispData'>L4M 1B3</td>
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<tr><th class='dispLabel'>Country</th><td class='dispData'>Canada</td>
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<tr><th class='dispLabel'>Business Phone Number</th><td class='dispData'>(705)726-3871</td>
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<tr><th class='dispLabel'>Cell Number</th><td class='dispData'>705 791 4748</td>
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<tr><th class='dispLabel'>Home Number</th><td class='dispData'>705 791 4748</td>
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<tr><th class='dispLabel'>FAX Number</th><td class='dispData'>705 726 8260</td>
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<tr><th class='dispLabel'>Email Address</th><td class='dispData'><a href='https://www.iciworld.com//emailForm.jsp?mid=1557&msgnum=418002'>Send Email</a></td>
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<tr><th class='dispLabel'>Home Page</th><td class='dispData'><a name='' href='http://www.apartmentbuildingsontario.com' target='_blank'>Home&nbsp;Page</a></td>
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