1/23LOT 16 GREY ROAD 17, Georgian Bluffs
LOT 16 GREY ROAD 17, Georgian Bluffs, ON N0H2T0
$879,000 total
—
Asset Class
Land
Size
—
Building class
A
Zoning
AG — Agricultural
$ / SF
—
Occupancy
84%
Lot Size
99.2 ac
About this property
Investment Opportunity "GREYSTONE ESTATES" is a distinctive 99.2-acre holding offering significant development potential. The property benefits from a Draft Plan of a subdivision for 12 estate-sized lots. These will be situated on a quiet cul-de-sac across approximately 27 acres, complemented by a 57-acre open space block and a 17.9-acre parcel designated as environmentally sensitive lands. The property is well treed, predominantly hardwood, and includes a County Forest reserve along the southern boundary, enhancing privacy and natural appeal. An unopened road allowance runs the full length of the westerly boundary, to the South into Mountain lake (Sideroad 315). Snowmobile and ATV trails are accessible along Grey Road 17 in this area. Ideally located just two minutes from Mountain Lake and approximately 8 minutes from Wiarton, this property offers a desirable balance of natural surroundings and proximity to town amenities. Buyer to complete their own due diligence regarding development approvals and progression. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$41K
Annual cash flow
$-7K
Cash-on-cash
-2.84%
DSCR
0.85
Going-in cap
4.69%
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
146,913
Households
50,707
Median income
$79,000
Median age
40.7
Daytime population
225,421
5-yr growth
8.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for LOT 16 GREY ROAD 17, Georgian Bluffs.
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.