For Sale · Land

1001 WHITE LAKE ROAD, Frontenac (Frontenac South)

1001 WHITE LAKE ROAD, Frontenac (Frontenac South), ON K0H1V0

$159,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

83%

About this property

First time offered for sale in 41 years! Welcome to Bob's Lake, South Frontenac one of the areas more popular lakes offering a surface area of 7,962 acres and depths up to 84' with ton's of fish species for your enjoyment! What a package! 2.1 Acres, 448' of Waterfront including a picturesque peninsula, total privacy situated near the end of a 1.1 km long R.O.W. with only 1 neighbor. Access to the lot is directly off White Lake Road a short commute to Verona for necessities and another 20 min from Verona to Kingston for full services. The lot features an elevated build site with stunning views over Buck Bay, stroll down the hillside to access the level shoreline and peninsula. The waterfront is natural and offers enough depth for a boat and gradually drops off into deeper waters. The lot doesn't have a well and there is no hydro down the lane. The opportunity exists to build off grid or attempt to bring hydro in from someone on a neighboring lane. Don't miss out on this opportunity! (id:66811)

Financial sandbox

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Estimate
Purchase price$160K
Down payment30% · $48K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$738

Projected NOI

$8K

Annual cash flow

$-1K

Cash-on-cash

-2.59%

DSCR

0.86

Going-in cap

4.76%

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

87,138

Households

32,221

Median income

$106,500

Median age

46

Daytime population

85,779

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 1001 WHITE LAKE ROAD, Frontenac (Frontenac South).

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.