For Sale · Land

7020 FALLOWFIELD ROAD, Ottawa

7020 FALLOWFIELD ROAD, Ottawa, ON K2S1B8

$599,000 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

98%

About this property

OVER 10 ACRES. MINUTES FROM MAIN STREET STITTSVILLE. BUILD YOUR VISION.A rare opportunity to own 10.56 acres of beautiful rural land while remaining remarkably close to everything Ottawa's west end has to offer. Located along Fallowfield Road, this partially cleared and treed property offers a combination that's increasingly difficult to find-acreage, privacy, accessibility and proximity to the city.Imagine creating 2 custom homes surrounded by nature, with room for expansive outdoor living, gardens, recreational space, a workshop or simply the privacy and breathing room that comes with owning over 10 acres. The property offers forest, pasture and panoramic views, providing a beautiful setting to bring your plans to life, subject to applicable zoning and municipal approvals.Hydro and natural gas are available at the lot line, and the property enjoys convenient road access from Fallowfield Road.Despite the peaceful rural setting, you're approximately 10 minutes from Highway 416, 13 minutes from Highway 417 and Highway 7, 15 minutes from Canadian Tire Centre and Tanger Outlets, and approximately 18 minutes from Kanata's high-tech sector.Whether you're looking to build now, create a private country retreat, or secure a substantial piece of land close to Ottawa's growing west end, this is an opportunity worth exploring.One of two approximately 10-acre parcels available. Please do not access the property without an agent present and prior permission. 24-hour irrevocable on all offers. (id:66811)

Financial sandbox

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Estimate
Purchase price$599K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$33K

Annual cash flow

$-450

Cash-on-cash

-0.25%

DSCR

0.99

Going-in cap

5.47%

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

139,933

Households

51,997

Median income

$87,500

Median age

44.7

Daytime population

148,312

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 7020 FALLOWFIELD ROAD, Ottawa.

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.