For Sale · Land

6980 FALLOWFIELD ROAD, Ottawa

6980 FALLOWFIELD ROAD, Ottawa, ON K2S1B8

$579,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

98%

About this property

NEARLY 10 ACRES. MINUTES FROM MAIN STREET STITTSVILLE. CREATE SOMETHING SPECIAL.Discover 9.44 acres of beautiful rural land offering the space, privacy and freedom of country living without giving up the convenience of Ottawa's west end. Located along Fallowfield Road, this partially cleared and treed property presents an exceptional opportunity to create 2 custom homes and lifestyle surrounded by nature.With forest, pasture and panoramic views, there's room to imagine more than just a house. Create expansive outdoor living areas, gardens, recreational space, a workshop or simply enjoy the privacy that comes with owning nearly 10 acres. Your vision starts with the land, subject to applicable zoning and municipal approvals.Hydro and natural gas are available at the lot line, with convenient access directly from Fallowfield Road.The location offers an excellent balance between rural living and city convenience-approximately 10 minutes to Highway 416, 13 minutes to Highway 417 and Highway 7, 15 minutes to Canadian Tire Centre and Tanger Outlets, and approximately 18 minutes to Kanata's high-tech sector.Looking for even more land? The neighbouring 10.56-acre parcel at 7020 Fallowfield Acres is also available, creating a rare opportunity to consider approximately 20 acres together.Build your home. Create your retreat. Own the space to make it yours.Immediate possession 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$579K
Down payment30% · $174K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$23K

Annual cash flow

$-9K

Cash-on-cash

-5.13%

DSCR

0.72

Going-in cap

4.00%

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

123,534

Households

43,740

Median income

$95,000

Median age

31.8

Daytime population

192,242

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 6980 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.