For Sale · Land

0 ISLAND LAKE, LOT 23 ROAD, Kearney

0 ISLAND LAKE, LOT 23 ROAD, Kearney, ON P0A1M0

$175,000 total

—

Asset Class

Land

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

83%

About this property

Island Waterfront Retreat In Kearney, Ontario! Escape To Your Own Waterfront Getaway On A Beautiful Island Property In Kearney. This Cleared Vacant Land Offers The Perfect Setting For Enjoying The Outdoors, With Direct Water Access And Plenty Of Space To Relax, Explore, And Create Your Own Recreational Retreat. The Property Features A Canvas Wall Tent Set On A Platform, Providing A Comfortable Base For Seasonal Stays, Along With A Carport For Convenient Storage. An Aluminum Boat Is Also Included, Making It Easy To Enjoy The Surrounding Waterways And Embrace Everything This Area Has To Offer. Located Near Snowmobile Trails, This Property Is Ideally Suited For Outdoor Enthusiasts Looking For A Private Recreational Escape. Whether You're Looking For A Weekend Getaway, A Base For Your Outdoor Adventures, Or A Place To Enjoy The Peace And Beauty Of Waterfront Living, This Unique Island Property Offers Plenty Of Possibilities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$175K
Down payment30% · $53K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$808

Projected NOI

$7K

Annual cash flow

$-3K

Cash-on-cash

-5.76%

DSCR

0.69

Going-in cap

3.81%

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

75,388

Households

32,368

Median income

$115,500

Median age

35.4

Daytime population

121,601

5-yr growth

5.1%

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

Secure deal room

Confidential diligence documents for 0 ISLAND LAKE, LOT 23 ROAD, Kearney.

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.