For Sale · Land

40 RUSSELL STREET, Ashfield-Colborne-Wawanosh (Ashfield)

40 RUSSELL STREET, Ashfield-Colborne-Wawanosh (Ashfield), ON N7A3X9

$179,900 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

95%

About this property

Looking for the exciting opportunity to build your new Dream home ? This beautiful 1/2 Acre Prime lot in the quiet area of Port Albert allows you to escape to your own piece of Paradise - a place where Cottage life and Dream full-time living meet. Located at close proximity to Goderich & Kincardine, this prestigious neighbourhood offers easy access and convenience to a wide range of amenities including shopping centers, medical services, restaurants, golf courses, recreational facilities, beautiful beaches and more. For those interested in employment in the energy sector, Bruce Power is an excellent employer offering excellent opportunities. At just a short Walk to beautiful beaches of Lake Huron, you will be astonished by the magnificent sunset, spectacular views and the tranquility this location can offer - don't miss this out. (id:66811)

Financial sandbox

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Estimate
Purchase price$180K
Down payment30% · $54K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$831

Projected NOI

$8K

Annual cash flow

$-2K

Cash-on-cash

-2.93%

DSCR

0.84

Going-in cap

4.66%

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

51,580

Households

18,925

Median income

$117,500

Median age

37.7

Daytime population

69,718

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 40 RUSSELL STREET, Ashfield-Colborne-Wawanosh (Ashfield).

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.