


1/4PART OF LOTS 15-17 BROCK STREET, Perth, ON K7H1Z1
$599,900 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
84%
NEW PRICE - $599,900! Outstanding opportunity to acquire a substantial residential development land assembly in the historic Town of Perth. The offering is anchored by an approximately 2.93-acre primary development parcel, together with several additional parcels of land included in the sale. Significant planning, architectural and engineering work has already been undertaken for multi-residential development of the site, including previous concepts accommodating up to 54 residential units. The existing concepts provide a valuable starting point while allowing a future purchaser to explore a unit mix and development plan suited to today's market, subject to municipal approvals. The primary development lands are zoned R4-24-h, with Site Plan approval and satisfaction of the Holding provisions remaining. Extensive environmental, engineering, traffic, geotechnical, noise, air quality, servicing and other technical studies have been completed, providing a significant head start in the development process. All severances have been completed, with additional lands beyond the primary development parcel included in the sale. Located near established residential neighbourhoods, the Tay River, parks and downtown Perth with its shops, restaurants and amenities. Municipal road access and servicing extensions will form part of the future development process. An excellent opportunity for a builder or developer to acquire a well-studied Eastern Ontario development site with substantial supporting documentation already in place. Full data room, surveys, plans and studies available upon request. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$25K
Annual cash flow
$-9K
Cash-on-cash
-4.77%
DSCR
0.74
Going-in cap
4.11%
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
134,647
Households
48,370
Median income
$135,500
Median age
41.5
Daytime population
168,821
5-yr growth
7.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for PART OF LOTS 15-17 BROCK STREET, Perth.
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.