For Sale · Land

244 11TH CONCESSION ROAD, Norfolk

244 11TH CONCESSION ROAD, Norfolk, ON N0E1G0

$1.2M total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

97%

About this property

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)

Financial sandbox

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Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 244 11TH CONCESSION ROAD, Norfolk.

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.