For Sale · Land

LOT 1 STAGECOACH ROAD, Frontenac (Frontenac South)

LOT 1 STAGECOACH ROAD, Frontenac (Frontenac South), ON K0H1V0

$799,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

About this property

IS THIS THE LAND YOU'LL WISH YOU PURCHASED 10 OR 20 YEARS FROM NOW? 123.8 Acres on Stagecoach Road, just north of Orser Road-only 4 minutes to Sydenham Village and 10 minutes to Kingston's west end. Approximately 861 ft of frontage on Stagecoach Road. The seller retained The Boulevard Group, a professional land use planning company, to explore severance potential, and a pre-consultation with South Frontenac Township indicated the potential for TWO severances along Stagecoach Road, subject to required approvals, Conservation Authority review, barn setbacks, and other conditions. But that may not even be the most fascinating part. The property also has approximately 3760.62 ft along the unopened Forest Road road allowance. Forest Road currently ends at Stagecoach; if this road allowance were ever opened through to Sydenham Road, this property would have substantial frontage along it. There is no indication this will happen anytime soon-but with the property sitting just metres outside the current secondary settlement boundary, it is something worth knowing. Currently, approximately 20 acres of this beautiful 123.8 Acres is open land, ideal for hay or farming, or building your dream home, with forested acreage beyond. Rarely does 123+ acres become available this close to Sydenham and 5 minutes to the City of Kingston boundary. Walking this property, I can't help but see how truly vast and actually majestic it feels- and to know where it's located, what it's given over generations, and the wonder of its future potential, it really is a special listing. Further details can be found in the Brochure section of this listing. (id:66811)

Financial sandbox

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Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$33K

Annual cash flow

$-11K

Cash-on-cash

-4.62%

DSCR

0.75

Going-in cap

4.15%

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

59,362

Households

21,793

Median income

$125,500

Median age

34.5

Daytime population

95,479

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for LOT 1 STAGECOACH 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.