For Sale · Land

11 QUAKER Street, Norfolk

11 QUAKER Street, Norfolk, ON N0E1T0

$189,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

90%

Lot Size

0.208 ac

About this property

Rare opportunity to own a prime building lot just one block from the sandy shores of Turkey Point! Whether you're dreaming of a year-round home, a vacation retreat, or an investment property, this sought-after location offers endless possibilities. Nestled along Ontario's beautiful South Coast, this vibrant Lake Erie community offers sandy beaches, a marina, great restaurants, local shops, golf, and endless outdoor recreation. Just a short stroll to the beach and all local amenities, you'll enjoy the very best of lakeside living. Vacant lots this close to the water are becoming increasingly scarce - don't miss your chance to build exactly what you've envisioned in one of Ontario's most desirable beach communities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$189K
Down payment30% · $57K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$873

Projected NOI

$9K

Annual cash flow

$-1K

Cash-on-cash

-2.64%

DSCR

0.86

Going-in cap

4.75%

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

103,037

Households

43,344

Median income

$136,500

Median age

36.6

Daytime population

101,863

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 11 QUAKER Street, Norfolk.

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.