For Sale · Land

54-C-247082 PART OF PIN 61390-0273, Timiskaming (TIM - Outside - Rural)

54-C-247082 PART OF PIN 61390-0273, Timiskaming (TIM - Outside - Rural), ON P0J1R0

$165,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

99%

About this property

Rare opportunity to own nearly 2 acres with an impressive 400 feet of shoreline on Lake Timiskaming. Situated at the southern end of the bay, beyond Old Mission Resort, this property offers an exceptional setting for your waterfront retreat. Located in unorganized Lorrain Township, the property offers flexibility for recreational use, whether you envision an RV getaway or a seasonal family cottage. Enjoy easy access by private road. This newly created lot has received severance approval. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$165K
Down payment30% · $50K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$762

Projected NOI

$8K

Annual cash flow

$-707

Cash-on-cash

-1.43%

DSCR

0.92

Going-in cap

5.11%

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

101,452

Households

37,288

Median income

$86,500

Median age

41.5

Daytime population

94,503

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 54-C-247082 PART OF PIN 61390-0273, Timiskaming (TIM - Outside - Rural).

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.