For Sale · Land

9778 CARL ROAD, Niagara Falls (Schisler)

9778 CARL ROAD, Niagara Falls (Schisler), ON L0S1K0

$1.3M total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

93%

About this property

Approximately 41.25 acres (about 16.7 hectares) on Carl Road, just 4 km from the new South Niagara Hospital, in the path of Niagara Falls' south-end growth. The property is made up of two adjoining parcels, approximately 12.7 and 28.5 acres, sold together, with approximately 1,158 feet of frontage on Carl Road. Located in the Port Robinson area, it's minutes from the QEW, Hwy 406, Costco and Niagara Square. Nearby large holdings have recently changed hands to investors, and the City has introduced new policies on how settlement area boundary expansions will be reviewed, making this an attractive long-term hold for investors, land bankers and builders. Currently zoned Agricultural (A2), with an Official Plan designation of Good General Agriculture and Environmental Protection Area. There's room to farm, lease, hold, or build a private country estate on a former home site with hydro at the road. No buildings to maintain and low carrying costs. Bring your vision. Buyers are encouraged to complete their own due diligence on zoning, planning, access, servicing and future development potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.29M
Down payment30% · $386K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$59K

Annual cash flow

$-13K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

86,841

Households

37,152

Median income

$71,500

Median age

39

Daytime population

125,182

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for 9778 CARL ROAD, Niagara Falls (Schisler).

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.