For Sale · Specialty

359 Route 560, Woodstock

359 Route 560, Woodstock, NB E7M3H1

$495,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

96%

Lot Size

1.73 ac

About this property

*** For more information, please click Brochure button. *** PERFECT LOCATION for your FAMILY AND .BUSINESS. ""The Old Homestead"" is an up-dated, solidly-built Century Farmhouse with 4 newer attached buildings, on almost 2 park-like acres near Woodstock, N.B. Visible from the Trans-Canada Hwy near exit and major highway junctions for maximum business exposure. Comfy 4 BR + den, 2 full bath home, plus retail shop / office / several large work or play rooms / utility rooms / garage/barn with loft, (over 5100 sq.ft. total), all connected together. Near shopping, hospital, schools, etc. This is an excellent location for your TOURIST and/or local business. Some work rooms have floor drains, perfect for dog groomers, indoor gardening or similar. Plenty of parking for your customers in front, yet large private yard for your family, with mature trees, lawns, room to run and play, garden, or keep pets and livestock. Alternatively the house and buildings could serve as 10 or more offices/workspaces with common areas. The home has spacious rooms, 2 walk-in closets, upstairs laundry, interior fire escape, lots of stained glass, and an L-shaped verandah. New 220 electrical entrance, top-of-the line ducted heat pump, good insulation, and metal roofing. Rich soil, organically gardened 35 years. Gorgeous unobstructed sunrise/sunsets and valley view. Over-all this Residential/Commercial property is an outstanding place to live and work. (id:66811)

Financial sandbox

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Estimate
Purchase price$495K
Down payment30% · $149K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$37K

Annual cash flow

$9K

Cash-on-cash

6.29%

DSCR

1.34

Going-in cap

7.43%

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

75,144

Households

30,263

Median income

$101,500

Median age

43.2

Daytime population

113,441

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 359 Route 560, Woodstock.

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.