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$799,900 total
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Asset Class
Land
Size
—
Building class
A
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
83%
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)
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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.
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.
Confidential diligence documents for 408 CHIPMUNK RIDGE ROAD, Loyalist (Lennox and Addington - South).
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.