For Sale · Specialty

1032 Four Seasons DR, Goulias River

1032 Four Seasons DR, Goulias River, ON P0S1E0

$175,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

84%

About this property

LAKE GICHI-GAMI SAY THE OJIBWE.(BIG WATER) WELCOME TO 1032 FOUR SEASONS DRIVE, GOULAIS RIVER ONT, LAKE SUPERIOR. THIS LOT BOASTS 140 FEET OF LEVEL WEST FACING WATERFONT. WAIT TILL YOU SEE THE SUNSETS. TWO LARGE BUILDINGS ON SITE WAITING FOR YOUR FINISHING. WOODSTOVE AND SOME ITEMS INSDIE.200 AMP ELECTRICAL POWER IS IN ON THE POLE. ($10K). WATER WELL ASLO ON SITE WAITING TO BE CONNECTED AND THE LINE BROUGH INTO THE BUILDINGS. FLAT LEVEL LAND AND DRIVEWAY. AN EASY 20KMS ON PAVMENT RIGHT TO THE DRIVEWAY. (id:66811)

Financial sandbox

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Estimate
Purchase price$175K
Down payment30% · $53K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$808

Projected NOI

$9K

Annual cash flow

$-977

Cash-on-cash

-1.86%

DSCR

0.90

Going-in cap

4.98%

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

50,753

Households

17,545

Median income

$98,500

Median age

32.3

Daytime population

56,530

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for 1032 Four Seasons DR, Goulias River.

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.