1/3PT LT 8 QUEENS LINE, West Elgin
PT LT 8 QUEENS LINE, West Elgin, ON N0L2C0
$1.2M total
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Asset Class
Land
Size
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Building class
C
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
88%
Lot Size
62.942 ac
About this property
Own 63 acres of farmland located in the growing community of Rodney, Ontario. This parcel offers approximately 53 workable acres of sandy loam soil and random tiled, making it well suited for vegetable crops. Conveniently located just 50 minutes west of London, 40 minutes east of Chatham, and 10 minutes to Lake Erie and Port Glasgow, this property provides easy access to major centres and amenities.The sale is conditional upon the severance of the residence and outbuildings - 2.64 acres. NOTE: This parcel could be purchased with an additional 65 acres to the south and 7 acres to the west zoned future residential. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$53K
Annual cash flow
$-14K
Cash-on-cash
-3.87%
DSCR
0.79
Going-in cap
4.38%
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
81,379
Households
31,022
Median income
$131,000
Median age
38.8
Daytime population
89,601
5-yr growth
3.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for PT LT 8 QUEENS LINE, West Elgin.
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.