Business For Sale · Land

39132 MOUNT CARMEL DRIVE, South Huron (Stephen)

39132 MOUNT CARMEL DRIVE, South Huron (Stephen), ON N0M1M0

$1.8M total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

90%

Lot Size

87 ac

About this property

This property presents an opportunity to enjoy private & quiet country living, set back nicely from the paved Mount Carmel Dr. This farm blends agriculture with nature beauty, complete with 87 acres and with 60 acres more or less of workable cash crop land, along with bush lot & ponds & so much more. Century frame home well kept & nicely updated with a large living room, separate dining room, an eat in kitchen with glass patio doors to enjoy the morning sun. A lovely updated bath with a soaker tub and walk-in shower, vanity and lot of cabinetry. Open stairway to the second floor boasting a nice roomy landing with a very generous primary bedroom, plus 2 additional bedrooms. An extra room off the primary would make a great nursery or sewing room etc. A huge deck at the from overlooks the open fields for miles. Fertile soil much of which is systematically tiled with mapping. Walk through the bush, fish in the river & pond, and live off the land. An 83 foot drilled well. Back entrance to house is a good sized mudroom/storage etc. The house has a good steel roof. Farmland was planted in soya beans this year so fall wheat could be planted. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$70K

Annual cash flow

$-30K

Cash-on-cash

-5.52%

DSCR

0.70

Going-in cap

3.89%

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

140,840

Households

49,086

Median income

$135,500

Median age

36.7

Daytime population

169,271

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 39132 MOUNT CARMEL DRIVE, South Huron (Stephen).

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.