For Sale · Land

796331 EAST BACK LINE, Chatsworth

796331 EAST BACK LINE, Chatsworth, ON N0H1C0

$299,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

92%

About this property

Discover this private 1.88-acre property on the outskirts of Berkeley, offering a peaceful setting surrounded by mature trees and approximately 100 acres of Saugeen Valley Conservation Authority lands. The property features a cleared potential building site, established driveway, civic address, and a drilled well installed in 2023, complete with a Bison hand pump. An existing 108 sq. ft. bunkie with a loft, deck, woodstove, and generator provides a great space to enjoy the property right away. Toward the rear, a cleared area with a fire pit offers the perfect spot for relaxing, entertaining, or enjoying the outdoors. Zoned A1, the property offers exciting possibilities for future use, with the Township of Chatsworth permitting multiple dwellings and tiny homes with a minimum square footage of 250, subject to applicable approvals and requirements. An enclosed trailer, firewood, and additional supplies are also included, making this an excellent opportunity for those seeking a private recreational retreat or a property with future potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$15K

Annual cash flow

$-2K

Cash-on-cash

-2.08%

DSCR

0.89

Going-in cap

4.92%

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

81,554

Households

38,557

Median income

$68,000

Median age

41.4

Daytime population

101,823

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 796331 EAST BACK LINE, Chatsworth.

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.