For Sale · Land

PT LT 20 CON 3 PARTS 1&4 HIGHWAY 37, Centre Hastings

PT LT 20 CON 3 PARTS 1&4 HIGHWAY 37, Centre Hastings, ON K0K3H0

$169,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

94%

About this property

Build your dream home on this spacious 2-acre parcel situated along Highway 37, just south of Thomasburg! NEW DRILLED WELL INSTALLED....Zoned Rural Residential (RR), this property offers a wonderful opportunity to enjoy a rural setting while remaining conveniently located approximately 16 minutes from Highway 401 and Belleville. Boasting an impressive 342.8 feet of road frontage, there's plenty of room to bring your vision to life. An adjacent 2-acre lot is also available for sale! Consider purchasing both properties and enjoy a combined 4 acres of land. (id:66811)

Financial sandbox

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Estimate
Purchase price$170K
Down payment30% · $51K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$785

Projected NOI

$8K

Annual cash flow

$-1K

Cash-on-cash

-2.15%

DSCR

0.88

Going-in cap

4.90%

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

54,125

Households

24,159

Median income

$88,500

Median age

44.7

Daytime population

72,197

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for PT LT 20 CON 3 PARTS 1&4 HIGHWAY 37, Centre Hastings.

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.