For Sale · Land

PT LT 18 CLEAR LAKE ROAD, Rideau Lakes

PT LT 18 CLEAR LAKE ROAD, Rideau Lakes, ON K0G1E0

$94,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

About this property

It can be challenging to finance a new build with vacant land so come explore this opportunity - Two options now available: purchase as a vacant lot for $94,500.00 OR with a finished brand new home starting at $498,650.00, it's your choice. This vacant building lot in the heart of Rideau Lakes offers just under 2 acres on a quiet, municipally maintained year-round road, providing excellent access in every season. The property features a partially cleared building site with a driveway entrance and culvert already installed-saving time and expense as you plan your new home or getaway retreat. Backing directly onto the scenic Cataraqui Trail, this property is ideal for outdoor enthusiasts who enjoy hiking, cycling, snowmobiling, and exploring nature right from their backyard. Surrounded by a recreational paradise with nearby marinas, lakes, fishing, and camping, the location offers endless opportunities to enjoy the outdoors. Conveniently located just minutes from shopping in Elgin and a short drive to Westport and Newboro for dining, and everyday essentials, while still offering an easy commute to Kingston and Smith Falls. A fantastic opportunity to create your own private escape in a beautiful rural setting. *Builder plans on file with option to be purchased as a completed new build starting at $498,650.00. (id:66811)

Financial sandbox

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Estimate
Purchase price$95K
Down payment30% · $28K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$438

Projected NOI

$4K

Annual cash flow

$-789

Cash-on-cash

-2.77%

DSCR

0.85

Going-in cap

4.71%

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

52,652

Households

22,799

Median income

$64,500

Median age

39.9

Daytime population

64,052

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for PT LT 18 CLEAR LAKE ROAD, Rideau Lakes.

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.