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$3.0M total
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Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
94%
Lot Size
157 ac
Here's an opportunity to own a substantial 157-acre farm with approximately 110 workable acres, 30 acres of bush, and the added bonus of road access to Chesley Lake. The property offers a unique combination of productive farmland, bush, and recreational potential. The 2-storey farmhouse offers 5 bedrooms and 2 bathrooms and is ready for someone to bring it back to life. Heated by both an oil furnace and wood furnace, the home needs TLC but offers plenty of space and potential for a family home or country retreat. The farm also includes a 40' x 60' bunker silo with roof, a 40' x 80' coverall, and two wells on the property. With a good amount of workable acreage, useful outbuildings, bush, and access to Chesley Lake, this is a property with plenty of possibilities for farming, recreation, or a combination of both. A rare opportunity to put your own stamp on a large acreage property with lake access and room to make your country lifestyle a reality. (id:66811)
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Monthly debt service
$14K
Projected NOI
$133K
Annual cash flow
$-31K
Cash-on-cash
-3.46%
DSCR
0.81
Going-in cap
4.50%
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
133,890
Households
57,945
Median income
$77,000
Median age
40.1
Daytime population
187,034
5-yr growth
4.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 242 PLEASANTVIEW ROAD, South Bruce Peninsula.
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.