For Sale · Land

408 CHIPMUNK RIDGE ROAD, Loyalist (Lennox and Addington - South)

408 CHIPMUNK RIDGE ROAD, Loyalist (Lennox and Addington - South), ON K0H2H0

$799,900 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

83%

About this property

Discover the perfect blend of country serenity and convenience with this exceptional 87-acre horse farm, located just 10 minutes from Kingston. While the city is only a short drive away, arriving home feels like escaping to your own private countryside retreat, surrounded by the peaceful beauty and freedom of farm life. The updated home offers comfortable living, featuring a stylish kitchen with quartz countertops, convenient main-floor laundry, and a main-floor primary bedroom. Two additional rooms and a bathroom on the upper level provide space for family, guests, or a home office. Enjoy peace of mind knowing many major improvements have been completed within the past 1-4 years, including the roof, furnace, heat pump, and electrical panel. For the equestrian enthusiast, the property features two barns, including one equipped with hydro, water, three large horse stalls, and four standing stalls, along with an outdoor riding ring. With 87 acres to explore, room to ride, and the tranquility of your own rural sanctuary, this remarkable property offers a rare opportunity to embrace the horse farm lifestyle without sacrificing proximity to Kingston's amenities. (id:66811)

Financial sandbox

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Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$37K

Annual cash flow

$-7K

Cash-on-cash

-3.10%

DSCR

0.83

Going-in cap

4.61%

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

113,834

Households

44,857

Median income

$94,500

Median age

31.5

Daytime population

108,391

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 408 CHIPMUNK RIDGE ROAD, Loyalist (Lennox and Addington - 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.