Business For Sale · Land

209 15/16 SIDEROAD E, Oro-Medonte

209 15/16 SIDEROAD E, Oro-Medonte, ON L0L2E0

$1.3M 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

95%

Lot Size

32.382 ac

About this property

Exceptional opportunity in the heart of Oro-Medonte. This approx 33 AC property offers a unique combination of usable acreage, existing improvements, natural features & future potential - ideal for those looking to create a private country estate with home occupation, hobby farm, recreational retreat or other permitted use. The property features a completed 36'x60' drive-in shop/shed with approx. 16' pitched ceilings, insulated overhead doors measuring 16'Wx14'H & 10'Wx10'H, an in-floor heating system installed over 4" of high-density foam insulation. The south-facing roof has a 45-degree pitch, providing potential suitability for additional solar installation. Septic system is already installed on site, while hydro & other utilities are located at or near the lot line. There is currently no water service or well on the property. Original plans contemplated the construction of a 3,000SF residence (foundation area has already been excavated for a potential structure). A previously issued zoning certificate/approval (may be expired/require verification, updating, re-approval with the appropriate authorities prior to construction). Buyers are responsible for satisfying themselves regarding all existing improvements, permits, approvals, future development FOR THEIR INDIVIDUALLY INTENDED USE. Beyond the main cleared area, established trails run through the property toward its southern boundary, where a natural water feature creates a private & attractive recreational setting, which could be an ideal location for a future cabin, bunkie, play area, outdoor entertaining space or private retreat, subject to applicable zoning / approvals. Located north of Lake Simcoe Regional Airport, within quick drive to Barrie, Orillia & Horseshoe Valley. Property also benefits from nearby access to Hwy 11 via the Line 7 overpass. A rare opportunity to acquire a great parcel with significant infrastructure in place & the flexibility to create a truly unique rural property in Oro-Medonte. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.29M
Down payment30% · $389K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$65K

Annual cash flow

$-7K

Cash-on-cash

-1.77%

DSCR

0.90

Going-in cap

5.01%

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

47,052

Households

18,189

Median income

$71,000

Median age

41.9

Daytime population

77,624

5-yr growth

8.1%

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

Secure deal room

Confidential diligence documents for 209 15/16 SIDEROAD E, Oro-Medonte.

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.