For Sale · Land

PT 18 PLAN 509 MCIVOR DRIVE, Northern Bruce Peninsula

PT 18 PLAN 509 MCIVOR DRIVE, Northern Bruce Peninsula, ON N0H1Z0

$199,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

99%

About this property

Dreaming of owning your own slice of the renowned Northern Bruce Peninsula waterfront? Here's your opportunity! PT LT 18 Plan 508 offers just under half an acre with 75 feet of waterfront, giving you the perfect opportunity to create your very own cottage getaway. This deep, generously sized lot is tucked into an already quiet and peaceful neighbourhood, offering the potential to build your dream cottage set back from the road, surrounded by nature and privacy. The property features a beautiful mix of cedar trees, towering pines, and other natural greenery, creating a picturesque setting for your future retreat. Imagine summer mornings by the water, relaxing afternoons surrounded by nature, and evenings enjoying everything cottage country has to offer. Enjoy the peace and privacy of waterfront living while remaining just 25 minutes from Lion's Head, where you'll find grocery stores, schools, shopping, and everyday essentials. It's the perfect balance of a quiet cottage setting without feeling too far removed from the conveniences you need. Whether you're dreaming of a cozy weekend escape, a seasonal cottage, or a family getaway to enjoy for generations, this property offers an exciting opportunity to bring your vision to life.75 feet of waterfront, nearly half an acre, and endless cottage-country possibilities. Your Northern Bruce Peninsula getaway is waiting! (id:66811)

Financial sandbox

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Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$919

Projected NOI

$9K

Annual cash flow

$-2K

Cash-on-cash

-3.70%

DSCR

0.80

Going-in cap

4.43%

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

104,616

Households

49,118

Median income

$109,000

Median age

34.1

Daytime population

160,080

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for PT 18 PLAN 509 MCIVOR DRIVE, Northern Bruce Peninsula.

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.