Business For Sale · Land

63 LEGGETS ROAD, Armour (Katrine)

63 LEGGETS ROAD, Armour (Katrine), ON P0A1L0

$1.5M total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

90%

Lot Size

57.8 ac

About this property

RARE CLASS A - CATEGORY 3 LICENSED SAND PIT in the Township of Armour, offering approximately 60 acres in a strategic location with convenient access to the Exit #252 Highway 11 corridor and the Burk's Falls/Almaguin market. An increasingly difficult type of property to reproduce, considering the professional studies, regulatory approvals, public consultation, time and expense associated with establishing a new Class A aggregate operation. The existing licence and approved site plan provide a significant advantage for an aggregate, excavation, construction or infrastructure operator.Original professional hydrogeological investigation included a water-well survey, geological review and five test pits across the licensed property. Test pits extended approximately 17-18 feet and documented predominantly fine and silty sand, with some fine-to-medium sand. All five were dry upon completion and no bedrock was reported in the test-pit logs. Letter Of Opinion A large percentage of the extraction area has already been cleared of original-growth trees, with portions previously stripped, significantly reducing the initial clearing and site-preparation work required before extraction. Operational/table land is retained near the Leggett Road entrance, providing useful working area for a future operation.The material has historically been utilized primarily for backfill, septic mantling and general fill applications. An exceptional opportunity to acquire an established Class A licensed aggregate property rather than undertake the considerable cost, time and uncertainty involved in attempting to license a new site. Buyer to complete their own due diligence regarding aggregate quantity, quality, licensing, permitted extraction and intended use. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $449K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.41%

DSCR

0.82

Going-in cap

4.52%

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

43,813

Households

16,055

Median income

$77,500

Median age

42.1

Daytime population

58,838

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 63 LEGGETS ROAD, Armour (Katrine).

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.