Business For Sale · Land

LOTS 1A-16B COTTONWOOD BOULEVARD, Aylmer

LOTS 1A-16B COTTONWOOD BOULEVARD, Aylmer, ON N5H3H7

$4.8M total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

97%

About this property

This development-ready opportunity comprises of 16 lots, to be sold as a package for 32 to-be-built semi-detached units, each priced at $150,000 in the third phase of Aylmer's Cottonwood Neighbourhood. They are located near Highway 3, with direct linkages to St. Thomas and Tillsonburg. Storm, water and sanitary services, along with natural gas and hydro are available. Low development charges at $23,510.00 per unit. The Seller notes that it pays its taxes on individual lots. A builder package, containing site plan, servicing, grading and design plans are available, upon request. (id:66811)

Financial sandbox

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Estimate
Purchase price$4.80M
Down payment30% · $1.44M
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$22K

Projected NOI

$266K

Annual cash flow

$-42

Cash-on-cash

-0.00%

DSCR

1.00

Going-in cap

5.54%

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

71,623

Households

26,145

Median income

$90,500

Median age

42

Daytime population

99,720

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for LOTS 1A-16B COTTONWOOD BOULEVARD, Aylmer.

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.