Business For Sale · Land

242 PLEASANTVIEW ROAD, South Bruce Peninsula

242 PLEASANTVIEW ROAD, South Bruce Peninsula, ON N0H1A0

$3.0M 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

94%

Lot Size

157 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$2.95M
Down payment30% · $885K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 242 PLEASANTVIEW ROAD, South Bruce Peninsula.

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.