Business For Sale · Land

844 DEER PARK ROAD, Norfolk (Townsend)

844 DEER PARK ROAD, Norfolk (Townsend), ON N0E1Y0

$3.5M total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

85%

Lot Size

144 ac

About this property

Endless privacy, productivity and versatility await on this picturesque 144 acre farm in Norfolk County. Through a secure gated entrance, you'll discover a peaceful country setting featuring +/- 95 acres of workable farmland along with +/- 38 acres of fenced pasture with a winding creek crossing the property. The workable land consists of sandy loam soil with good natural drainage. Reported crop yields are approximately 200 bushels per acre for corn and 60+ bushels per acre for soybeans. For equestrian enthusiasts, 8 individual "horse hotels" with 8 separate paddocks are situated across +/- 7 acres, offering potential for boarding income and much more. A newly constructed modern 30' x 60' shop features 18' ceilings, 3 automatic garage doors, hydro and a bathroom, providing exceptional storage or workshop use. Following the scenic driveway, over a private bridge is the original homestead, built in the 1800s with many updates over the years. Previously rented, the home offers an opportunity for a handy buyer to bring their vision to life - being sold in as-is condition. The private hilltop setting also presents an ideal location for a future custom home. With productive farmland, extensive pasture, animal facilities and a premium new shop, this diverse rural property offers endless possibilities and must be seen to be fully appreciated! Seller will consider partial Vendor Take Back. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.50M
Down payment30% · $1.05M
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$16K

Projected NOI

$175K

Annual cash flow

$-19K

Cash-on-cash

-1.78%

DSCR

0.90

Going-in cap

5.01%

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

104,877

Households

42,248

Median income

$76,000

Median age

42.9

Daytime population

90,855

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 844 DEER PARK ROAD, Norfolk (Townsend).

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.