For Sale · Land

LOT 1 DESERT LAKE ROAD, Frontenac (Frontenac South)

LOT 1 DESERT LAKE ROAD, Frontenac (Frontenac South), ON K0H2W0

$174,900 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

95%

About this property

Bring your vision for country living to this newly severed 3.6-acre lot on Desert Lake Road. A mix of wooded areas and field clearings gives the property natural character and room to create your own outdoor spaces. The building envelope is positioned toward the rear of the lot, offering an opportunity to set your future home well back from the road and make the most of the rural surroundings. With space for gardens, outdoor living and a home designed around your needs, this parcel offers a fresh start in the countryside. A well and entrance have yet to be installed, allowing you to plan these improvements as part of your build. (id:66811)

Financial sandbox

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Estimate
Purchase price$175K
Down payment30% · $52K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$808

Projected NOI

$7K

Annual cash flow

$-3K

Cash-on-cash

-5.14%

DSCR

0.72

Going-in cap

4.00%

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

66,121

Households

25,971

Median income

$107,000

Median age

35.9

Daytime population

61,856

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for LOT 1 DESERT LAKE ROAD, Frontenac (Frontenac 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.