For Sale · Land

1223 SOUTHWOOD ROAD, Gravenhurst (Morrison)

1223 SOUTHWOOD ROAD, Gravenhurst (Morrison), ON P0E1N0

$249,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

98%

About this property

Having trouble finding the perfect house? Why not build it?!! This 3 acre building lot is ideally situated just minutes from Hwy 11 for easy commuting North or South. Much of the "prep-work" is done. Culvert in place with cleared driveway and potential building location. Lot has been backfilled and drainage lines installed. Seller will include building plans or you can bring your own! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$249K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$-138

Cash-on-cash

-0.19%

DSCR

0.99

Going-in cap

5.49%

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

117,729

Households

45,991

Median income

$71,000

Median age

42.1

Daytime population

183,134

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 1223 SOUTHWOOD ROAD, Gravenhurst (Morrison).

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.