For Sale · Land

1537 5TH AVENUE W, Owen Sound

1537 5TH AVENUE W, Owen Sound, ON N4K5B4

$149,400 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

99%

About this property

VACANT LOT, PREVIOUS SINGLE FAMILY HOME DEMOLISHED. NO DEVELOPMENT FEES TO BUILD. OWNER HAS A COMPLETE SET OF DRAWINGS PREPARED FOR A RAISED BUNGALOW. ALL SERVICES AT LOT LINE. SURVEY OFFRONT COMPLETED IN 2019, REAR HAS OLDER STAKES. FANTASTIC RESIDENTIAL AREA JUST 1/2 BLOCK TO RIVER, SAMESTREET AT LAWN BOWLING GREEN. AROUND THE CORNER FROM HARRISON FIELD. *For Additional Property Details Click The Brochure Icon Below* (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$149K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$690

Projected NOI

$9K

Annual cash flow

$524

Cash-on-cash

1.17%

DSCR

1.06

Going-in cap

5.89%

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

61,944

Households

26,637

Median income

$99,000

Median age

43.8

Daytime population

92,421

5-yr growth

9.4%

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

Secure deal room

Confidential diligence documents for 1537 5TH AVENUE W, Owen Sound.

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.