For Sale · Specialty

450 Fields Road, Manitowaning

450 Fields Road, Manitowaning, ON p0p1n0

$639,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

89%

About this property

Welcome to 450 Fields Road, an extraordinary 475-acre property tucked away on beautiful Manitoulin Island, a property that captures so much of what makes Island living truly special. From the moment you begin exploring, you realize just how much this property has to offer. Rolling open pastures give way to beautiful stands of cedar and hardwood, while an extensive network of trails winds through the acreage, inviting you to walk, ride, hunt, explore, or simply disappear into the quiet for a while. For the outdoor enthusiast, there is a hunt camp and seemingly endless room to roam. But perhaps one of the most enchanting features is the charming little cabin nestled beside Turtle Lake—a peaceful hideaway where you can put your feet up, listen to the rain on the roof, read a book, or simply sit and enjoy the kind of stillness that is becoming harder and harder to find. With 475 acres of pasture, forest, trails, wildlife, water and privacy, this is so much more than a large parcel of land. It is a place for adventures, family traditions, quiet weekends, hunting trips, long walks and memories that could be passed down for generations.Truly rare, truly exceptional, and waiting for the right buyer. Call for more information! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$639K
Down payment30% · $192K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$38K

Annual cash flow

$3K

Cash-on-cash

1.33%

DSCR

1.07

Going-in cap

5.94%

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

76,745

Households

30,011

Median income

$127,000

Median age

37.4

Daytime population

115,034

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 450 Fields Road, Manitowaning.

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.