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$94,900 total
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Asset Class
Land
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
88%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for PT LT 18 CLEAR LAKE ROAD, Rideau Lakes.
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.