For Sale · Land

PT LT 6 CONCESSION 8 ROAD, Elizabethtown-Kitley

PT LT 6 CONCESSION 8 ROAD, Elizabethtown-Kitley, ON K7A4S5

$425,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

86%

Lot Size

120 ac

About this property

Great land/building lot opportunity! 120 acres located on a paved road 15 minutes South of Smithville & Merrickville, 20 minutes North of Brockville & the 401. With frontage on both County rd 7 and the Kitley Line 8 this property offers great access and many great spots to build a home. It offers two beautiful fields with a total of 33.5 workable acres that are mostly made up of stone-free Uplands Sandy Loam, ideal for growing a wide range of crops including cash-crops, vegetables etc. There are approximately 55 acres of pasture in the South-East corner, with some trees to provide shade. There are also approximately 20 acres of hardwood bush, including sugar maples, at the North end of the property, great for the outdoor enthusiast and hunter. Other features include a well, an old horse stable and several tree stands. With the price of farmland in other parts of the province being much higher, and building lots having increased in price as well, there is plenty of room for this property to appreciate in price. This parcel has something for everyone, come and check it out today! (id:66811)

Financial sandbox

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Estimate
Purchase price$425K
Down payment30% · $128K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$-5K

Cash-on-cash

-3.73%

DSCR

0.80

Going-in cap

4.42%

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

57,295

Households

22,947

Median income

$68,500

Median age

43.2

Daytime population

77,612

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for PT LT 6 CONCESSION 8 ROAD, Elizabethtown-Kitley.

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.