149 Ontario STREET, Wardsville149 Ontario STREET, Wardsville — photo 2149 Ontario STREET, Wardsville — photo 3149 Ontario STREET, Wardsville — photo 4149 Ontario STREET, Wardsville — photo 5149 Ontario STREET, Wardsville — photo 6149 Ontario STREET, Wardsville — photo 7149 Ontario STREET, Wardsville — photo 8149 Ontario STREET, Wardsville — photo 9149 Ontario STREET, Wardsville — photo 10149 Ontario STREET, Wardsville — photo 11149 Ontario STREET, Wardsville — photo 12149 Ontario STREET, Wardsville — photo 13149 Ontario STREET, Wardsville — photo 14149 Ontario STREET, Wardsville — photo 15149 Ontario STREET, Wardsville — photo 16
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For Sale · Land

149 Ontario STREET, Wardsville

149 Ontario STREET, Wardsville, ON N0L2N0

$2.0M total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

85%

About this property

Sitting approximately halfway between Chatham, Ontario and London, Ontario, lies an opportunity to shape what comes next in Wardsville. Comprising approximately 5.947 acres across multiple parcels, 149 Ontario Street offers a substantial land holding within an established residential setting in Southwest Middlesex. The property’s layout along Ontario Street, Mill Pond Road and Grant Street provides an appealing starting point for builders, developers and investors exploring future residential possibilities. Open land, surrounding homes and a quiet setting create an attractive backdrop for a thoughtfully planned project. Zoned R1(1)-H-1, with future development subject to applicable holding provisions, servicing requirements and municipal approvals. Buyer to complete their own due diligence and independently verify all property information, including zoning, permitted uses, acreage, boundaries, servicing availability, potential lot creation and development requirements, with the municipality and relevant authorities. No representations or warranties are made regarding development potential. Contact listing agent for additional information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.00M
Down payment30% · $599K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$81K

Annual cash flow

$-30K

Cash-on-cash

-4.98%

DSCR

0.73

Going-in cap

4.05%

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

126,369

Households

45,667

Median income

$121,500

Median age

36.6

Daytime population

212,432

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 149 Ontario STREET, Wardsville.

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.