Business For Sale · Land

34639 THIRD LINE, Southwold

34639 THIRD LINE, Southwold, ON N0L2G0

$2.1M total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

88%

Lot Size

82.95 ac

About this property

This is your chance to own 83 acres of picturesque farmland in the hamlet of Lawrence Station, Southwold. Located in Elgin County on a paved road and backing onto Highway 401, this versatile farm features approximately 69 workable acres, (with 15 acres fenced), plus 8 acres of fenced pasture currently occupied with grazing cattle all on a private natural setting. Rolling hills add to the picturesque rural setting, while mature bush and a tree lined lane provide privacy and a beautiful approach to the property. The property includes a spacious metal clad barn with water, hydro, concrete floors and an attached office, offering excellent potential for storage, livestock, and more.The home takes full advantage of the surrounding countryside with large windows and expansive views across the farm. Ready for a buyer's personal touch, the home offers a great opportunity to make the space your own. The main level features a bright living room with natural gas fireplace, dining room, eat-in kitchen and walkout to the side deck, as well as 2 bedrooms with large closets and a 5 piece bathroom. The lower level provides additional living space with a sitting room, recreation room, cozy wood burning fireplace, 2 additional bedrooms, laundry and a 4 piece bathroom.The property is serviced by a private septic system and a well with an abundant water supply, with municipal water available at the road. Natural gas and Bell fibre optic internet add modern convenience to this rural setting. With so much to offer, this 83 acre property is ready for its next owner to bring their vision and create the farm and country lifestyle they've been looking for. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.10M
Down payment30% · $630K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$91K

Annual cash flow

$-26K

Cash-on-cash

-4.10%

DSCR

0.78

Going-in cap

4.31%

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

114,417

Households

40,475

Median income

$127,500

Median age

38.1

Daytime population

122,820

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 34639 THIRD LINE, Southwold.

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.