For Sale · Land

554 BARNES AVENUE, Tay (Port McNicoll)

554 BARNES AVENUE, Tay (Port McNicoll), ON L0K1R0

$99,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

100%

About this property

Build your dream home on this prime vacant lot in a quaint neighbourhood, just a short walk to the shores of Georgian Bay! Located at 554 Barnes Avenue in Port McNicoll, this 55 x 127 ft lot sits at an elevation that has potential for water views from a second-storey window or balcony. Ideally positioned minutes from marinas and a public boat launch, the property also offers easy access to the Tay Shore Trail, perfect for walking and biking. A short drive to downtown Midland, where you'll enjoy local shops, dining, and waterfront activities. An excellent opportunity to create your own retreat or northern escape, all within two hours of the GTA. EXTRAS: Municipal water & hydro, available at the lot line. (id:66811)

Financial sandbox

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Estimate
Purchase price$99K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$457

Projected NOI

$6K

Annual cash flow

$36

Cash-on-cash

0.12%

DSCR

1.01

Going-in cap

5.58%

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

109,760

Households

43,580

Median income

$96,500

Median age

31.4

Daytime population

115,434

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 554 BARNES AVENUE, Tay (Port McNicoll).

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.