For Sale · Land

939 KELLY ROAD, Prince Edward County (Athol Ward)

939 KELLY ROAD, Prince Edward County (Athol Ward), ON K0K1P0

$1.1M total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

89%

About this property

Discover the timeless appeal of log home living on this exceptional 92-acre property, offering a wonderful blend of natural beauty, privacy and country lifestyle. Crafted from substantial 8" x 8" white pine logs sourced from Bauman Lumber, this distinctive farmhouse is rich in character and warmth, with thoughtful details throughout.The inviting covered porch leads into an open-concept main level highlighted by a dramatic cathedral ceiling in the living room, exposed rafters and beautiful Ash hardwood flooring milled from trees harvested on the property. At the heart of the home, the farmhouse kitchen features a Margin wood-burning cook stove, farmhouse sink and an oversized pantry with an abundance of shelving and storage.The spacious primary bedroom and a three-piece bathroom with an antique clawfoot tub complete the main floor. Upstairs, two additional bedrooms share a three-piece bathroom with shower, while the generous loft provides flexible space for a home office, den or potential fourth bedroom.There is plenty of room for projects, hobbies and future ideas. An attached 1.5-car garage has unfinished space above, ready for your vision. A separate 24' x 40' workshop with 12' ceilings is heated by woodstove, and provides an ideal space for equipment, woodworking or other pursuits. A livestock barn and drive shed offer additional functional space for agricultural and recreational needs.The 92 acres encompass a diverse mix of hardwood and softwood bush, workable fields currently in hay, a seasonal creek and pond. Two wells provide an ample water supply for both the home and livestock. This is a truly special opportunity to enjoy the character and craftsmanship of a log farmhouse on a property where country living and a love of the land come together. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.10M
Down payment30% · $330K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$54K

Annual cash flow

$-7K

Cash-on-cash

-2.19%

DSCR

0.88

Going-in cap

4.88%

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

138,934

Households

48,093

Median income

$63,500

Median age

40.1

Daytime population

156,906

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 939 KELLY ROAD, Prince Edward County (Athol Ward).

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.