For Sale · Specialty

0 Ketchankookem Trail, Mindemoya

0 Ketchankookem Trail, Mindemoya, ON P0P1S0

$549,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

96%

About this property

Prime Development Location in Mindemoya. The 6+ acre lot has sprawling views over Lake Mindemoya. This area of the lake is famous for its sand bottom and great swimming. The lot itself has a mix of trees and cleared areas. This is the closest lake location to the town of Mindemoya, which has amenities such as shopping, schools, parks and a hospital. The golf course is a short stroll from the lot, or keep your golf cart in your new home and drive to the course. With 6+ acres and the municipal water treatment building across the road, there are several development opportunities for this lot. This lot also carries a Commercial Recreational zoning, so resort type developments are a possibility. Call today. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$549K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$40K

Annual cash flow

$10K

Cash-on-cash

5.98%

DSCR

1.32

Going-in cap

7.34%

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

82,404

Households

32,631

Median income

$137,000

Median age

40.1

Daytime population

119,581

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 0 Ketchankookem Trail, Mindemoya.

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.