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$1.3M total
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Asset Class
Land
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
90%
Lot Size
176 ac
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)
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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.
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.
Confidential diligence documents for 89 STEWART ROAD, Bancroft (Dungannon Ward).
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.