620 LOUCKS DRIVE is a 1-unit detached rental in Russell, ON, asking $729,900 — $729,900 per door.
At 1 unit this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.
Asking price
$729,900
Units
1 unit
Property type
Detached rental
Location
Russell, ON
Price per door
$729,900
The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.
OverviewNumbersVerdictFinancingEvidenceScenarios
Verdict
Debt coverage
Cash to close
Market fit
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