Business For Sale · Land

594 RAE ROAD, Mississippi Mills

594 RAE ROAD, Mississippi Mills, ON K0A1A0

$1.8M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

90%

About this property

An exceptional 82-acre sanctuary in Almonte's peaceful countryside, offering a rare live-work opportunity centered around a gorgeous, beautifully updated Mediterranean-inspired home featuring 4 bedrooms and 4 bathrooms. Designed for elevated living, the home includes a chef-style kitchen, a bright breakfast area, and a striking living room highlighted by a cozy fireplace. Additional living spaces include a stunning formal dining room complemented by a covered patio with elegant wrought-iron gates, a sun-drenched sunroom with soaring ceilings, a private library, a convenient laundry room, and a lavish primary suite with a spa-like ensuite and custom deck framed by endless, serene views of your private acreage. Generously sized secondary bedrooms, a dedicated office and well-appointed bathrooms complete the home. Set within this remarkable property is Whitehouse Nursery & Display Gardens, a well-known Ottawa Valley destination established in 1987. Over four decades, extensive mature display gardens, specialty plant collections, and a colourful daylily field have created a setting that draws visitors for inspiration, education, and the experience of the gardens themselves. The property is home to an established horticultural business with a loyal customer base, a strong reputation, and the infrastructure to continue or expand nursery operations. Its annual Bloomfest Garden Art Show has also demonstrated the potential of the gardens as a destination, bringing together spectacular summer displays and the work of local artists. For a new owner, the possibilities extend beyond horticulture. These exceptional gardens and picturesque rural surroundings could provide a beautiful setting for photography, workshops, garden tours, art and artisanal events, or other creative ventures. This is a unique opportunity to build upon a destination that has taken four decades to create. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$73K

Annual cash flow

$-27K

Cash-on-cash

-5.02%

DSCR

0.73

Going-in cap

4.04%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

89,299

Households

36,549

Median income

$96,500

Median age

32

Daytime population

98,070

5-yr growth

0.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 594 RAE ROAD, Mississippi Mills.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.