For Lease · Land

2673 COUNTY RD 11 ROAD, Greater Napanee (Greater Napanee)

2673 COUNTY RD 11 ROAD, Greater Napanee (Greater Napanee), ON K0K2Z0

Price on request

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

86%

About this property

Charming 4-Bedroom Country Home for Lease in a Tranquil Setting. Experience the perfect blend of rustic charm and modern convenience in this partially updated 4-bedroom, 1-bathroom two-story home, nestled in a serene country setting. Located just a short drive from Napanee, this delightful home offers a peaceful retreat while providing easy access to local amenities and a convenient bus route to nearby schools. Updates include: Windows, siding, plumbing, some drywall, poured walkway/porch, land clearing, some electrical, furnace, HWT. Lease is for the home and immediate yard. The 125 acres will potentially be leased out to local farmers. Should a prospective renter want to as well rent the additional acreage, the owner is open to the idea. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

103,005

Households

38,790

Median income

$120,000

Median age

33.3

Daytime population

170,276

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for 2673 COUNTY RD 11 ROAD, Greater Napanee (Greater Napanee).

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.