Triplex deal kitchener.

[Zac Stuart]

Hi everyone, i'm looking for anyone to weigh in here and especially those from Ontario, the deal is $700,000 for a purpose built three unit in Kitchener Ontario. nice area. assume no major renos needed(i.e. roof furnace, windows). the building will be self managed

it is a 2 three bed units and 1 2 bed unit, it has a large garage big enough for 4 cars. 

mortgage 525,000 @ 3.54% for 25 years = 2,632 per month

annual gross income = 45,555

annual expenses = 11,826

NOI = 33,628

debt service = 31,587

annual cash flow = 2041.22

[Roy Cleeves]

I have been a Realtor in KW for 15 years - and that same triplex would have been $300,000 in 2005 so the upside is really the pay down on your mortgage and the appreciation that will continue to happen in KW.  So if you have positive cashflow and $175,000 to put down and you would like a deal in Ontario then why not?