Business For Sale · Land

0 ALBERT STREET, Goderich (Goderich (Town))

0 ALBERT STREET, Goderich (Goderich (Town)), ON N7A1T8

$369,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

About this property

Looking for the perfect place to bring your vision to life? This double lot in Goderich offers an exciting opportunity to build your dream home or explore the possibilities of residential development. Located on a newly paved street, the property features two water and sewer services and is zoned residential. Enjoy the convenience of being close to the hospital, with downtown Goderich and the beautiful shores of Lake Huron just a short distance away. The lot is ready for someone with a vision and a plan to make the most of its potential. What would you build here? (id:66811)

Financial sandbox

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Estimate
Purchase price$369K
Down payment30% · $111K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$17K

Annual cash flow

$-3K

Cash-on-cash

-2.83%

DSCR

0.85

Going-in cap

4.69%

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

82,298

Households

32,420

Median income

$127,000

Median age

38.2

Daytime population

109,672

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 0 ALBERT STREET, Goderich (Goderich (Town)).

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.