For Sale · Land

N/A TURKEY POINT ROAD, Norfolk

N/A TURKEY POINT ROAD, Norfolk, ON N3Y4K1

$699,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

87%

About this property

Imagine a country estate shaped around your lifestyle. Set on approximately 23.66 acres adjoining the charming hamlet of Walsh, this Norfolk County property offers open space, rural tree lined privacy and an inspiring canvas for your vision-all within a short drive of Lake Erie's beautiful sand beaches.With custom estate homes in the surrounding area, envision a thoughtfully designed retreat approached by a tree-lined drive, gardens and outdoor living spaces, with room to explore a private estate, barn or equestrian setting. Whether your vision includes horses, a workshop, a family compound or simply the freedom of owning substantial acreage on the edge of town, the appeal lies in the possibilities and the space to bring them to life.Enjoy the quiet of the countryside with beach days, boating and the pleasures of Norfolk County close at hand. An opportunity to create a distinctive country lifestyle in one of the most desirable rural settings. (id:66811)

Financial sandbox

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Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$29K

Annual cash flow

$-10K

Cash-on-cash

-4.85%

DSCR

0.74

Going-in cap

4.09%

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

41,049

Households

15,108

Median income

$66,000

Median age

39.8

Daytime population

49,844

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for N/A TURKEY POINT ROAD, Norfolk.

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.