Business For Sale · Land

449686 10TH CONCESSION ROAD, Grey Highlands

449686 10TH CONCESSION ROAD, Grey Highlands, ON N0C1M0

$1.1M 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

86%

Lot Size

50.219 ac

About this property

Finding 50 acres in Grey Highlands just 15 minutes from Collingwood gives you a pretty great combination of country living, usable land and convenience. With approximately 15 workable acres, multiple ponds, a wonderful wetland area and mixed bush throughout the remainder, this property offers a great mix for anyone looking for space to farm, explore and enjoy the outdoors. The brick bungalow offers approximately 1,060 sq. ft. of main-floor living space with an open-concept layout, three bedrooms, two bathrooms and a large back deck overlooking the property. A wood-burning fireplace with a stone surround adds warmth and character to the living room. Heating is provided by a wood furnace, along with the fireplace and a ductless wall unit that provides both supplemental heat and air conditioning. An attached garage provides everyday convenience, while the full, partially finished basement with 4th bedroom adds additional space and includes a walk-up directly into the garage. Outside, established flower beds and vegetable gardens surround the home, with plenty of room to expand the gardens for anyone who wants to grow more of their own food. For those who need a barn or additional storage, the two-level 40' x 24' barn has hydro, a waterline, and a large sliding door measuring approximately 9' wide by 7'11" high. There is a lot of variety within these 50 acres. The workable land provides options for farming or pasture, while the ponds, wetlands and mixed bush create habitat for wildlife and plenty of space to explore and enjoy throughout the seasons. And with Collingwood only about 15 minutes away, you can enjoy the space and privacy of a Grey Highlands country property while keeping shopping, restaurants and four-season recreation close by. NOTE: The road is signed "Road Closed, Bridge is out" due to a bridge repair farther along the road. The closure does not affect access to this property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.15M
Down payment30% · $345K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$55K

Annual cash flow

$-9K

Cash-on-cash

-2.60%

DSCR

0.86

Going-in cap

4.76%

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

143,448

Households

51,221

Median income

$85,500

Median age

42.1

Daytime population

216,132

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 449686 10TH CONCESSION ROAD, Grey Highlands.

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.