Business For Sale · Land

126183 MALL ROAD, Norwich (Otterville)

126183 MALL ROAD, Norwich (Otterville), ON N0J1R0

$3.3M 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

94%

Lot Size

108.4 ac

About this property

Great location on the south east corner of Oxford County. This farm consists of 108 acres of prime fox loam ground with approx. 95 acres of flat workable land. The home, built in 2016, has 1,750 square feet of living space, including four bedrooms and two bathrooms, plus a full unfinished basement. There are 10 DeCloet bulk kilns with gas burners, a 45 x 120 barn with a strip room area and loading dock, a 20x40 kiln converted to garage space, a 16'x24' concrete block garage and a double car detached garage. The farm has some frontage at the back on Big Creek and also has a good irrigation pond. The pump house is equipped with 220V power and a large pump hooked to 3 sand points. There are two hydro meters on the property and two gas meters. One hydro service is for the home and the other for the kilns and barn, one gas meter is for the home and one for the kilns. Add to your portfolio and increase your production with this quality land and location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.25M
Down payment30% · $975K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$15K

Projected NOI

$156K

Annual cash flow

$-24K

Cash-on-cash

-2.49%

DSCR

0.87

Going-in cap

4.79%

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

83,275

Households

36,690

Median income

$134,000

Median age

37.2

Daytime population

119,360

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 126183 MALL ROAD, Norwich (Otterville).

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.