Business For Sale · Land

404302 CONCESSION 20 ROAD, Georgian Bluffs

404302 CONCESSION 20 ROAD, Georgian Bluffs, ON N0H1S0

$1.3M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

87%

Lot Size

117 ac

About this property

This 117 acre farm was the first land settled and cleared in the area. Over the last 170 years, only three families have lived on the property with its current owners having resided there for more than 80 years. The farm has seen mixed agricultural purposes with milk being sold until the 1960s. As well, beef cattle, sheep, horses, pigs and chickens have been kept on the property. Previously, approximately 85 acres have been worked. About 6 years ago, the land was seeded down to hay and is rented to a local farmer. The property is ideal for syrup production as a mature hardwood bush consisting mainly of maple trees, makes up approximately 30 acres. This beautiful bush is easily accessed via the seasonal Kemble Bypass Road which runs the entire southeastern length of the property. A stone 2 storey house dating to the 1860s is still on the property attached to the main farmhouse. The traditional brick farmhouse, constructed in 1878, has a high efficiency propane furnace with recent Improvements made to the roof (2018), soffit, fascia and eavestrough. The home retains many of its initial historical features including original doors, trim, baseboards, wainscotting, flooring and high ceilings for those wishing to restore it to its former glory. The large bank barn is serviced by its own drilled well, separate from the house. A 2-car garage/workshop was constructed in 2002. This property is close to the vibrant community of Kemble (famous for its maple syrup festival), as well as Cobble Beach and Georgian Bay area attractions. This is truly an incredible farm to be explored. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.29M
Down payment30% · $389K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$51K

Annual cash flow

$-20K

Cash-on-cash

-5.22%

DSCR

0.72

Going-in cap

3.97%

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

59,750

Households

24,294

Median income

$74,000

Median age

38.1

Daytime population

64,302

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 404302 CONCESSION 20 ROAD, Georgian Bluffs.

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.