1/3PT LT 8 PIONEER LINE, West Elgin
PT LT 8 PIONEER LINE, West Elgin, ON N0L2C0
$1.2M 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
83%
Lot Size
65.124 ac
About this property
Own 65 acres of farmland in the growing community of Rodney, Ontario. This parcel features +/- 50 workable acres of sandy loam soil, randomly tiled and well suited for a variety of crops. The property also includes a mix of bush and a small pond, adding natural character and diversity to the landscape. Located just 50 minutes from London, 40 minutes from Chatham, and only 10 minutes from Lake Erie and Port Glasgow, this property offers both agricultural productivity and peaceful rural surroundings. NOTE: This parcel could be purchased with an additional 70 acres to the north. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$54K
Annual cash flow
$-11K
Cash-on-cash
-3.08%
DSCR
0.83
Going-in cap
4.62%
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
119,444
Households
47,106
Median income
$69,500
Median age
43.2
Daytime population
198,844
5-yr growth
6.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for PT LT 8 PIONEER LINE, West Elgin.
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.