For Sale · Land

V/L EAST RUSCOM RIVER Unit# MIDDLE LOT, Lakeshore

V/L EAST RUSCOM RIVER Unit# MIDDLE LOT, Lakeshore, ON N0R1S0

$345,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

92%

About this property

NOW IS THE TIME TO ACT ON THAT NEW BUILD! HST CREDIT OF UP TO $130,000 ON ANY NEW BUILD BOOKED BEFOR APRIL 2027.DON'T MISS THIS OPPORTUNITY TO TAKE ADVANTAGE OF THIS SHORT TERM PROGRAM. WE HAVE BUILDER'S READY TO QUOTE AND REGISTER YOUR NEW BUILD WHICH DOES NOT HAVE TO EVEN START UNTIL 2028. SQ FT PRICING STARTING AT $327 bringing a 2000 sq ft home to under a 1 million including lot! This is a perfect spot just 15 minutes outside the city with room to build that new house and pole barn, or barndominium? 2 lots available ,both 3/4 of an acre on a paved road with natural gas, municipal water, Walking distance to Marina, Golf Course, Campground, and restaurant. Quick conveniences 1 minute away such as gas, variety, and LCBO. Call listing agents for information and plans. (to help find it on your gps put in 427 East Ruscom River Rd Lakeshore the lot is across the road from this address) (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$346K
Down payment30% · $104K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$15K

Annual cash flow

$-4K

Cash-on-cash

-4.17%

DSCR

0.77

Going-in cap

4.29%

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

143,142

Households

50,171

Median income

$102,000

Median age

33.3

Daytime population

167,260

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for V/L EAST RUSCOM RIVER Unit# MIDDLE LOT, Lakeshore.

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.