Business For Sale · Retail

1014 PORTAGE ROAD, Kawartha Lakes (Eldon)

1014 PORTAGE ROAD, Kawartha Lakes (Eldon), ON K0M2B0

$359,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

95%

About this property

Some properties simply have a story to tell. 1014 Portage Road is ready for its next chapter.Built in 1900 and standing proudly in the heart of Kirkfield, this striking brick property is filled with the kind of architectural character that is becoming increasingly difficult to find. From its impressive brick faade and tall windows to its soaring rooflines and unmistakable century-home presence, this is a property with personality, history and incredible potential.Inside, the generous floor plan offers plenty of room to reimagine. The main level features expansive spaces, a kitchen, dining room, office, bedroom, bathroom and sunroom. Upstairs, multiple bedrooms and additional living and dining spaces create even more possibilities, while the large attic adds another level of intriguing space.Set on an approximately 48 x 167 ft lot, there is room outside to complement whatever vision takes shape within. And then there is the C2 zoning, adding another exciting dimension to the property and opening the door to a variety of potential uses, subject to applicable zoning provisions and approvals. This is not a move-in-ready home, and that's part of the opportunity. It is a property for someone who can see beyond today and appreciate what could be created here. Restore its century-home charm, reinvent the space, or explore the possibilities offered by its zoning. Located right in the village of Kirkfield, this is your chance to take on a truly distinctive property and write the next chapter of a building that has already stood for more than 125 years. (id:66811)

Financial sandbox

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Estimate
Purchase price$359K
Down payment30% · $108K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$2K

Cash-on-cash

1.57%

DSCR

1.09

Going-in cap

6.01%

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

146,507

Households

64,350

Median income

$114,000

Median age

35.6

Daytime population

190,592

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 1014 PORTAGE ROAD, Kawartha Lakes (Eldon).

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.