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$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
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 1,107 SF | 2030-09 |
| Meridian Health Group | 449 SF | 2030-09 |
| Meridian Health Group | 400 SF | 2030-09 |
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.
Confidential diligence documents for 1528 REGIONAL 20 Road, West Lincoln.
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.