Business For Sale · Land

12224 SPLINTER LINE, Chatham-Kent (Thamesville)

12224 SPLINTER LINE, Chatham-Kent (Thamesville), ON N0P2K0

$1.1M total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

96%

Lot Size

25.5 ac

About this property

Welcome to your private rural Haven, Tucked away surrounded by farm fields and no immediate neighbors, this versatile 25.5 acre hobby farm combines productive agricutural land and peaceful mature 8 acres of bush,still leaving approx .75 acres of yard space for friends and family. Highly productive sandy loam soil, land is systimacally tiled , drainage agreement is registered with neighboring property.Step onto the newly built front porch and come on into this 1 1/2 storey carpet free 2 bedroom ,1 bath home with an airy welcoming open-concept design , centered around an efficient 3 year old WETT certified woodstove, that easely warms the entire home, inclused new steam washer and dryer 2025, Thats not all, Home has all new siding with foam insulation underneath making an effieciente comfortable home, done in Sept 2026, new Septic System 2026, gutter guards on the eavestroughs and a side deck to watch the sun rise and set.Large Barn on the property with chicken range open to the barn,Barn also has a single garage door for you vehicle, huge dog kennel or can be used to keep pests out of your garden, This one is a must see! call for your private viewing (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.10M
Down payment30% · $330K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$52K

Annual cash flow

$-9K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.73%

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

54,939

Households

24,665

Median income

$82,500

Median age

41.1

Daytime population

79,940

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 12224 SPLINTER LINE, Chatham-Kent (Thamesville).

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.