Business For Sale · Land

LOT 20 SOUTH GRIMSBY ROAD 5, West Lincoln (Smithville)

LOT 20 SOUTH GRIMSBY ROAD 5, West Lincoln (Smithville), ON L0R2A0

$980,000 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

83%

About this property

This is an incredible investment opportunity in the prime location of Niagara West Lincoln. This spacious residential corner lot, with a 150 ft frontage, and 132 feet Depth is surrounded by new subdivisions and established homes, with extensive development taking place in the area. The land is subject to rezoning R1 to Medium and High-Density RM3, which provides flexibility for various residential developments(multiple fourplexes/triplexes, 4-6-story apartment buildings, condominiums, detached/semi-detached/townhouses, rental units, and retirement residences). This is an excellent opportunity for individual buyers looking to build their dream home on a generously sized lot with 150 ft of frontage. It is an amazing demanded area, less than 30 minutes to Niagara Falls and the U.S. border, close to major cities like St. Catharine, Hamilton, Burlington, Oakville, Guelph, and Mississauga. All essential services are conveniently located along South Grimsby Rd 5, with easy access to amenities, shopping, schools, transit, and recreation centers. Don't miss this unique opportunity to build in a thriving community! **EXTRAS** The land qualifies for a zoning change to High Density (RM3), ideal for various developments. Buyers must conduct due diligence, secure permits, and verify all info independently. Deposit cheque to be certified. (id:66811)

Financial sandbox

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Estimate
Purchase price$980K
Down payment30% · $294K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$37K

Annual cash flow

$-17K

Cash-on-cash

-5.95%

DSCR

0.68

Going-in cap

3.76%

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

144,147

Households

65,937

Median income

$126,000

Median age

36.3

Daytime population

147,493

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for LOT 20 SOUTH GRIMSBY ROAD 5, West Lincoln (Smithville).

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.