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$425,000 total
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Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
86%
Lot Size
120 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for PT LT 6 CONCESSION 8 ROAD, Elizabethtown-Kitley.
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.