1/3PT LT 59 QUEEN STREET, West Elgin (Rodney)
PT LT 59 QUEEN STREET, West Elgin (Rodney), ON N0L2C0
$540,000 total
—
Asset Class
Land
Size
—
Building class
B
Zoning
AG — Agricultural
$ / SF
—
Occupancy
85%
Lot Size
6.735 ac
About this property
An exceptional opportunity awaits with this +/- 7 acre parcel located in the growing community of Rodney, Ontario. Zoned Future Residential, this property offers potential for developers or investors looking to build in an area poised for expansion. Situated just minutes from Highway 401, the location provides convenient access to major centres, just 50 minutes to London, 40 minutes to Chatham, and only 10 minutes to Lake Erie and Port Glasgow. The property's strategic setting near existing residential neighbourhoods and town amenities makes it an excellent choice for future development or investment. Services include natural gas, hydro and municipal water. Could be purchased with adjoining farm parcel (65 acres) as well as farm parcel to the south (53 acres). (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$20K
Annual cash flow
$-10K
Cash-on-cash
-6.00%
DSCR
0.67
Going-in cap
3.74%
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
85,843
Households
30,067
Median income
$118,500
Median age
32.6
Daytime population
73,507
5-yr growth
6.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for PT LT 59 QUEEN STREET, West Elgin (Rodney).
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.