For Sale · Land

1147 LONG LAKE ROAD, Frontenac (Frontenac Centre)

1147 LONG LAKE ROAD, Frontenac (Frontenac Centre), ON K0H2K0

$174,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

89%

About this property

7.48-acre property ready for your new home. This lot has 472 feet of road frontage on a paved municipal road. An entrance is already in place, and functional infrastructure is readily available, with hydro and high-speed internet lines along the road. A cleared area at the front of the property is an ideal location for building, and sloping terrain beyond the clearing creates potential for a walk-out lower level. The acreage is woods and wetland with a varied sloping topography and a second plateau area towards the back of the lot. Located in a prime area for outdoor enthusiasts, less than 15 minutes from 6 lakes with boat launches, 4 with beaches, and the K&P and Trans-Canada trails. Enjoy rural living and tranquillity with an easy commute in under an hour to Perth, Kingston, and Napanee. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$175K
Down payment30% · $52K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$808

Projected NOI

$7K

Annual cash flow

$-3K

Cash-on-cash

-4.95%

DSCR

0.73

Going-in cap

4.06%

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

118,953

Households

50,035

Median income

$114,500

Median age

33.3

Daytime population

144,264

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 1147 LONG LAKE ROAD, Frontenac (Frontenac Centre).

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.