Business For Sale · Land

889 NORFOLK COUNTY 28 ROAD, Norfolk

889 NORFOLK COUNTY 28 ROAD, Norfolk, ON N0E1G0

$1.2M total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

85%

Lot Size

49.04 ac

About this property

Nestled on a sprawling 49.04-acre lot, this serene property offers a tranquil escape with a wooded backdrop and crop field. Featuring 2 bedrooms and 1 bathroom across a spacious 1614 sq ft layout, this home is uniquely designed for comfort and accessibility. The property highlights include a large fenced-in pasture, a pond, and extensive outdoor living spaces, a 10x28 ft front porch and a covered 10x22 ft back deck with walkout patio doors from the dining area, perfect for entertaining or peaceful evenings. Outside you will also find a large garage, a workshop and a couple sheds. The home is well-equipped with both a gas stove and an outlet for an electric stove. The walkout basement opens onto a covered patio and boasts in-law suite capabilities, adding flexibility to the living space. Accessibility is thoughtfully addressed with a wheelchair-friendly 3-ft wide front entrance door. For those seeking a quiet life in harmony with nature, this property is an ideal choice. Listed for sale, it's ready for you to call it home. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$57K

Annual cash flow

$-9K

Cash-on-cash

-2.53%

DSCR

0.86

Going-in cap

4.78%

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

65,626

Households

24,543

Median income

$85,500

Median age

39.6

Daytime population

107,047

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 889 NORFOLK COUNTY 28 ROAD, Norfolk.

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.