Business For Sale · Land

1207 594 HIGHWAY, Kenora Remote Area (Oxdrift)

1207 594 HIGHWAY, Kenora Remote Area (Oxdrift), ON P8N2Y5

$1.4M total

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Asset Class

Land

Size

—

Building class

A

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

85%

About this property

Acquire an established commercial seedling nursery with no seasonal weight restrictions on Hwy 594 in Dryden Ontario, linking HWY 502 and HWY 17 in Northwestern Ontario. This offering combines the real estate, residence, greenhouse infrastructure and operating farm business, creating an opportunity for an owner-operator, strategic industry buyer or investor to acquire an established operation.Approximately 40 acres of owned land with extensive greenhouse and growing infrastructure, supported by additional leased facilities and acreage. The operation has been developed for the production of forestry and nursery stock, with significant greenhouse capacity, specialized growing systems, irrigation, heating and supporting infrastructure. Surrounded by lakes the freshwater sources abound, with 3 high capacity wells on the property as 2 x 10,000 gallon storage tanks. Established customer relationships and ongoing contract-growing opportunities provide an operating platform that would be exceptionally difficult to replicate.For your family or for the staff of your nursery operation, a beautiful bungalow and double garage in a rural setting, minutes from Dryden in the unorganised township of Van Horne. This home is fully equipped on each level allowing for extended family or friends to live independently of each other or as one large family homeThe sale is intended to include the real estate and operating farm/nursery business, with the specific allocation of land, buildings, equipment, inventory, contracts and other business assets to be established as part of the transaction. Financial information, business details, equipment and inventory information, leases and supporting documentation available subject to appropriate confidentiality and due diligence.A rare opportunity to acquire an established agricultural enterprise with substantial specialized infrastructure, an operating business and significant potential for continued growth in Northwestern Ontario. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.40M
Down payment30% · $420K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$49K

Annual cash flow

$-29K

Cash-on-cash

-6.87%

DSCR

0.63

Going-in cap

3.48%

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

115,787

Households

46,929

Median income

$97,500

Median age

45

Daytime population

118,504

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for 1207 594 HIGHWAY, Kenora Remote Area (Oxdrift).

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.