Business For Sale · Land

15626 ELGINFIELD ROAD, Lucan Biddulph

15626 ELGINFIELD ROAD, Lucan Biddulph, ON N0M1V0

$6.0M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

89%

Lot Size

162.13 ac

About this property

Estate Sale. Family owned farm since the mid 1800's being offered for sale for the first time. 162 acres more or less of which approx 150 acres are systematically tiled (at 45' and 50' spacing) and currently being farmed. Excellent productive loam soil. 2 shops: 40'x 100' (with 40' x 40' heated shop within) and 48' x 80'. Drive up the beautiful treed lane to the 4140sf+ 5 bedroom, 5 bathroom 2 storey family home built in 1980. Natural gas heat. 600amp service. Some bush at back of property. Severance potential. Absolutely exceptional property! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$6.00M
Down payment30% · $1.80M
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$28K

Projected NOI

$281K

Annual cash flow

$-52K

Cash-on-cash

-2.87%

DSCR

0.84

Going-in cap

4.68%

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

140,863

Households

60,358

Median income

$82,000

Median age

42

Daytime population

196,712

5-yr growth

7%

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

Secure deal room

Confidential diligence documents for 15626 ELGINFIELD ROAD, Lucan Biddulph.

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.