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$1.8M total
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Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
90%
Lot Size
87 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 39132 MOUNT CARMEL DRIVE, South Huron (Stephen).
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.