For Lease · Land

V/L EAST RUSCOM RIVER Unit# SOUTHERN, Lakeshore

V/L EAST RUSCOM RIVER Unit# SOUTHERN, Lakeshore, ON N0R1S0

$345,900 per sq ft / yr

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

—

Occupancy

94%

About this property

LIMITED GOVERNMENT REBATE! 100% OF THE HST ON A NEW BUILD ( TO A MAXIMUM OF $130,000) IF YOU HAVE BEEN CONSIDERING THAT NEW BUILD NOW IS THE TIME TO BUY AND REGISTER A BUILD BEFORE APRIL OF 2027. CONTACT US FOR DETAILS WE CAN SET YOU UP WITH A BUILDER AND HAVE A CONTRACT REGISTERED BEFORE THIS REBATE IS GONE. CONSTRUCTION DOES NOT EVEN NEED TO START UNTIL 2028. CALL US TODAY FOR FURTHER DETAILS. Per sq ft pricing starting @$327 making a 2000 under 1 million including the lot! Walking distance to marina, golf course, campground, restaurant and more. Located on a paved road with municipal water, natural gas and hydro at road. Great commuting location situated between Tecumseh Road and County Rd 42, and 3 minutes to the 401 in St Joachim. (This lot is located across the road from 427 East Ruscom for your gps to find us!) Signs are out, 2 lots available contact listing agents for details. (id:66811)

Financial sandbox

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Estimate
Purchase price$346K
Down payment30% · $104K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$-414

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

116,285

Households

50,885

Median income

$66,500

Median age

41

Daytime population

187,033

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for V/L EAST RUSCOM RIVER Unit# SOUTHERN, Lakeshore.

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.