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$1.2M total
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Asset Class
Land
Size
—
Building class
A
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
97%
If you have been dreaming of a place with room to breathe, this is worth a look. Roughly 25 acres in the heart of Norfolk County, the kind of property where you can keep a garden and a few animals, let the kids roam, and still come home to a comfortable house at the end of the day. It is well suited to hobby farmers, homesteaders, and anyone after a quieter, more self-sufficient way of living. The home is a solid brick bungalow with 6 bedrooms and 3 bathrooms. The main level holds 4 bedrooms, 2 bathrooms, a full kitchen, and a large open living and dining area centered on a stone feature wall and wood stove, with room for the whole family to gather. The lower level adds 2 bedrooms, a bathroom, a second full kitchen, a family room, a natural in-law suite or space for grown kids and guests. Wide hallways, accessible bathrooms, and ramps make the whole home easy to live in at any age. Down in a private wooded valley sits one of the property's best features: a quiet pond, full of character and a beautiful spot to sit, fish, or simply enjoy. The valley was once home to a small trout farm, and a few of those buildings remain, offering bonus covered storage or a quiet project space for a new owner. Mostly, though, it is a tucked-away corner of the land that is yours to enjoy however you like. Up above the valley, the land is ready to work. Roughly 12 acres of open ground are suited to hay, animals, or crops. A 30 by 60 foot workshop and a 30 by 80 foot coverall storage building handle equipment, projects, or livestock. There is plenty of room here to garden, raise animals, or grow into whatever you have in mind. Grow your own food, keep a few animals, start the hobby farm you have been planning, or simply settle into a comfortable home on 25 private acres with a pond and woods of your own. There is room here for whatever you have in mind. (id:66811)
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Monthly debt service
$6K
Projected NOI
$67K
Annual cash flow
$569
Cash-on-cash
0.16%
DSCR
1.01
Going-in cap
5.59%
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
55,875
Households
21,467
Median income
$87,000
Median age
42
Daytime population
66,013
5-yr growth
7.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 244 11TH CONCESSION ROAD, Norfolk.
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.