Business For Sale · Land

89 STEWART ROAD, Bancroft (Dungannon Ward)

89 STEWART ROAD, Bancroft (Dungannon Ward), ON K0L2L0

$1.3M total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

90%

Lot Size

176 ac

About this property

89 Stewart Road, a recently renovated three bedroom side split on 176 acres just South of Bancroft, in Ontario's Mineral Capital, about 2.5 hours from Ottawa and 1.75 hours from 407/115. Step out your front door and into your own efficient 3,200+ tap maple syrup operation within 176 acres of ancient rocky outcrops, forest and meandering creek. This property is the ultimate in peace and privacy, nature and recreation abounds: near Lakes and Algonquin Park; 1km to the Hastings Heritage Trail for snowmobiling / ATVing; minutes from the Town of Bancroft; on-site snowshoeing trails; hunting; fishing and wildlife observation (elk, moose, owls, deer, turtles, etc.). Home renovations include extensive landscaping; a 2-tiered deck with luxury 7 person hot tub; new heat-pump, propane heating/cooling systems; Kinetico water system; updated kitchen/bath; wiring for a back-up generator and a finished basement with kitchen and bath, versatile for family or business needs. This property allows you to build a meaningful, land-based lifestyle, the Sellers can be available to cross-train and provide support for the first maple syrup season. Raise your Family or retire here with extra maple syrup income. Possible severance of 120 acres. Come visit, and get sweeter! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.31M
Down payment30% · $393K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$57K

Annual cash flow

$-15K

Cash-on-cash

-3.83%

DSCR

0.79

Going-in cap

4.39%

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

78,978

Households

35,703

Median income

$136,500

Median age

36.2

Daytime population

83,799

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 89 STEWART ROAD, Bancroft (Dungannon Ward).

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.