
9778 CARL ROAD, Niagara Falls (Schisler), ON L0S1K0
$1.3M total
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Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
93%
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)
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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.
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.
Confidential diligence documents for 9778 CARL ROAD, Niagara Falls (Schisler).
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.