For Sale · Land

N/A METRO ROAD N, Georgina (Historic Lakeshore Communities)

N/A METRO ROAD N, Georgina (Historic Lakeshore Communities), ON L4P3C8

$475,000 total

—

Asset Class

Land

Size

—

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

85%

About this property

Attention Builders And Investors! Fantastic Location In The Highly Sought After North Keswick Area. This Newly Severed Property Has Both Water And Sewer Paid Allocations On The Property. Is In The Community Of Orchard Beach And Provides For An Elevation Allowing For A Possible Walk-Out Basement, With Great Westerly Views Of Lake Simcoe. Opportunity Exists To Purchase Adjacent Home Abutting This Property At 357 Lake Drive North, Allowing You A Place To Live While Building For Extended Family Or Investment. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$475K
Down payment30% · $143K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-6K

Cash-on-cash

-4.36%

DSCR

0.76

Going-in cap

4.23%

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

91,097

Households

34,428

Median income

$126,000

Median age

37

Daytime population

96,010

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for N/A METRO ROAD N, Georgina (Historic Lakeshore Communities).

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.