For Sale · Land

450 FISHER'S GLEN ROAD, Norfolk (Vittoria)

450 FISHER'S GLEN ROAD, Norfolk (Vittoria), ON N0E1W0

$855,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

86%

About this property

Great opportunity to own approximately 31 acres of workable loamy sand farmland just outside the charming village of Vittoria in Norfolk County. Offered together, these two separate parcels consist of 22.89 acres and 8.29 acres, with mature trees bordering three sides of the property. Frontage along Fisher Glen Road and the non-maintained Water Street provides an interesting opportunity for the back 8-acre parcel, including potential for a future home, subject to municipal approvals. Conveniently located near Turkey Point, Simcoe, and Delhi, offering peaceful country surroundings with amenities just a short drive away. Two parcels, one great opportunity! (id:66811)

Financial sandbox

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Estimate
Purchase price$855K
Down payment30% · $257K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$33K

Annual cash flow

$-14K

Cash-on-cash

-5.53%

DSCR

0.70

Going-in cap

3.88%

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

59,314

Households

21,313

Median income

$72,000

Median age

37.7

Daytime population

62,432

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 450 FISHER'S GLEN ROAD, Norfolk (Vittoria).

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.