For Sale · Land

LOT 34 MIKOLA COURT, Marmora and Lake (Marmora Ward)

LOT 34 MIKOLA COURT, Marmora and Lake (Marmora Ward), ON K0K2M0

$49,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

87%

About this property

Overlooking the Crowe River, this 1.637-acre building lot offers a private, wooded setting just a short drive from the village of Marmora. Set on a quiet, year-round maintained no-exit road, the property features sloping terrain, a mix of trees and 184.31 feet of road frontage. The hillside setting gives you the opportunity to design a home that takes advantage of the river view. An affordable back lot for buyers looking for privacy, natural surroundings and easy + access to village amenities. (id:66811)

Financial sandbox

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Estimate
Purchase price$50K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$230

Projected NOI

$2K

Annual cash flow

$-487

Cash-on-cash

-3.25%

DSCR

0.82

Going-in cap

4.57%

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

104,226

Households

36,583

Median income

$86,000

Median age

43.4

Daytime population

137,214

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for LOT 34 MIKOLA COURT, Marmora and Lake (Marmora Ward).

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.