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