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$3.5M total
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Asset Class
Land
Size
—
Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
85%
Lot Size
144 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 844 DEER PARK ROAD, Norfolk (Townsend).
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.