For Sale · Specialty

1528 REGIONAL 20 Road, West Lincoln

1528 REGIONAL 20 Road, West Lincoln, ON L0R1Y0

$949,900 total

1,879 SF

Asset Class

Specialty

Size

1,879 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$506

Occupancy

99%

Year Built

1955

About this property

RARE OPPORTUNITY – 2.94 ACRES WITH C3 SERVICE COMMERCIAL ZONING AND OVER 15,500 SQ. FT. OF OUTBUILDINGS! Discover the exceptional potential of 1528 Regional Road 20 in West Lincoln! Set on approximately 2.94 acres, this versatile property combines a spacious bungalow with four substantial outbuildings, presenting an exciting opportunity for business owners, contractors, investors or buyers seeking extensive workspace and storage. The 1,879 sq. ft. bungalow offers 3 bedrooms, 2 bathrooms and a generous floor plan with the convenience of single-level living. This solid home provides an excellent foundation for comfortable country living. Ready for modern updates and personal touches, it offers plenty of potential to make it your own. A key feature is the collection of four outbuildings, providing approximately 15,510 sq. ft. of combined space. Conveniently located beside the home, the 85' x 26' five-bay building offers approximately 2,210 sq. ft. of heated workspace. A separate 22' x 40' workshop adds 880 sq. ft. with radiant heating. Toward the rear of the property, a 110' x 22' outbuilding provides approximately 2,420 sq. ft. of storage space. The expansive 100' x 100' pole barn offers an impressive 10,000 sq. ft. of covered space, with approximately 16-foot ceilings and large access doors to accommodate equipment, vehicles, boats and trailers. Zoned C3 Service Commercial, some potential uses include a commercial kennel, commercial school, motor vehicle repair establishment, restaurant, veterinary clinic and gas station, subject to municipal regulations and approvals. With its acreage, existing building space and residential component, this property offers a rare combination of flexibility and potential. See attached Township of West Lincoln zoning information for permitted uses. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$61K

Annual cash flow

$8K

Cash-on-cash

2.88%

DSCR

1.16

Going-in cap

6.41%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group1,107 SF2030-09
Meridian Health Group449 SF2030-09
Meridian Health Group400 SF2030-09

Area demographics

Trade area within 3 miles of the property.

Population

121,551

Households

56,791

Median income

$97,500

Median age

43.9

Daytime population

157,840

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 1528 REGIONAL 20 Road, West Lincoln.

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.