1/6384 METCALFE STREET E, Strathroy-Caradoc (SE)
384 METCALFE STREET E, Strathroy-Caradoc (SE), ON N7G1R3
$999,900 total
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Asset Class
Land
Size
—
Building class
B
Zoning
AG — Agricultural
$ / SF
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Occupancy
97%
Lot Size
1.068 ac
About this property
Attention developers and builders! Residential development opportunity situated minutes from downtown Strathroy. This 1.06 acre parcel offers excellent potential for residential development in one of Strathroy's premier locations. The Seller has already cleared the property and completed the following: Phase I Environmental Study (Phase II not required), Geotechnical Study and Boundary Survey. Conveniently located just steps from schools, parks, shopping and everyday amenities. This development ready property offers a great opportunity for developers and builders looking to bring their next project to life. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$49K
Annual cash flow
$-7K
Cash-on-cash
-2.22%
DSCR
0.88
Going-in cap
4.87%
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
41,198
Households
18,970
Median income
$135,500
Median age
34.6
Daytime population
55,016
5-yr growth
6.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 384 METCALFE STREET E, Strathroy-Caradoc (SE).
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.