For Sale · Land

V/L COUNTY ROAD 46 ROAD, Lakeshore

V/L COUNTY ROAD 46 ROAD, Lakeshore, ON N0P1J0

$149,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

87%

Lot Size

2.49 ac

About this property

Explore the possibilities with this 2.49-acre parcel in Comber, within the Municipality of Lakeshore, Essex County. Situated just south of Highway 401, the property features a mix of open grassland and bush in a region connected to Windsor-Detroit border crossings ( 40 minutes away ), 3 minutes to Hwy 401 and Southwestern Ontario's manufacturing and agricultural economy.The wider Windsor-Essex region is attracting major industrial investment, including NextStar Energy's battery manufacturing facility in Windsor, adding to the area's established automotive and employment base.Zoned CR (Rural Commercial / Employment), the lands offer potential for uses such as vehicle storage and sales, a transport terminal, greenhouse, office, and more, subject to municipal confirmation and applicable approvals.There is currently no road access to the property. Buyers must satisfy themselves regarding access, zoning, permitted uses, servicing, and development feasibility with the Municipality of Lakeshore and relevant authorities. The Seller and listing agent make no representations or warranties regarding the property's development potential or future use. (id:66811)

Financial sandbox

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Estimate
Purchase price$149K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$688

Projected NOI

$5K

Annual cash flow

$-3K

Cash-on-cash

-6.88%

DSCR

0.63

Going-in cap

3.48%

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

71,897

Households

25,595

Median income

$129,500

Median age

35

Daytime population

93,945

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for V/L COUNTY ROAD 46 ROAD, 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.