1/2LOT 51 WELLINGTON STREET, Newbury
LOT 51 WELLINGTON STREET, Newbury, ON N0L1Z0
$175,000 total
—
Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
95%
About this property
Located in the Village of Newbury, on Wellington St west of Hagerty Rd and adjacent to 2 Wellington St. This 1.8 acre property has a frontage of 729 ft (222.2M ) on Wellington St. is zoned residential. Excellent potential to create 13 single family building lots. The village has no development levy charges. All municipal services are available. Village amenities include the Four Counties Middlesex hospital within four minutes and the Counties largest Home Hardware store. The adjacent 1.0 acre lot municipally know as 2 Wellington Street fronting on Hagerty Road, is also available and is zoned C-1 Commercial. See MLS number X14168526 for details. Property taxes are for both properties. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$808
Projected NOI
$8K
Annual cash flow
$-2K
Cash-on-cash
-2.97%
DSCR
0.84
Going-in cap
4.65%
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
70,331
Households
33,037
Median income
$126,000
Median age
35.1
Daytime population
85,103
5-yr growth
6.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for LOT 51 WELLINGTON STREET, Newbury.
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.