1/18245019 SOUTHGATE RD 24, Southgate
245019 SOUTHGATE RD 24, Southgate, ON N0C1L0
$1.7M total
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Asset Class
Land
Size
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Building class
C
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
94%
Lot Size
89.822 ac
About this property
This of 89.8 acre property offers the perfect opportunity for a hobby farm or to expand for additional cropland. There are 36 acres of productive Listowel Silt Loam and Harriston Silt Loam soil which has been systematically tile drained. There is additional land that was formerly farmed which may be able to be reclaimed. The stately 1 storey, 1,600+ sq. ft. 3+ bedroom home enjoys an attractive treed setting. There is a modern electrical service and propane furnace. The free-standing wood stove serves as a heating supplement. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$8K
Projected NOI
$79K
Annual cash flow
$-16K
Cash-on-cash
-3.05%
DSCR
0.83
Going-in cap
4.63%
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
44,774
Households
15,834
Median income
$112,500
Median age
35.1
Daytime population
57,034
5-yr growth
1.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 245019 SOUTHGATE RD 24, Southgate.
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.