Business For Sale · Land

LOT 8 HAVELOCK STREET, Adelaide Metcalfe (Kerwood)

LOT 8 HAVELOCK STREET, Adelaide Metcalfe (Kerwood), ON N0M2B0

$140,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

95%

Lot Size

0.2 ac

About this property

Dreaming of building your custom dream home? This is your opportunity to purchase a lovely 66' x 132' lot on a quiet street in the welcoming rural community of Kerwood. Offering ample space and flexibility, this generously sized lot provides plenty of options to bring your vision to life. Municipal services, including natural gas, hydro, and sewers, are available at the lot line. Enjoy the peace and quiet of rural living without sacrificing convenience. Just 10 minutes to Strathroy's shopping, restaurants, schools, and everyday amenities, and an easy drive to London, Sarnia, and the beaches of Grand Bend. A fantastic opportunity to create the home you've always wanted in a peaceful, family-friendly setting. There is a strong possibility that the Seller will release Lot 9 for sale in the future with a Right of First Offer to the purchaser, upon the sale of Lot 8. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$140K
Down payment30% · $42K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$646

Projected NOI

$6K

Annual cash flow

$-2K

Cash-on-cash

-3.85%

DSCR

0.79

Going-in cap

4.39%

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

85,719

Households

29,615

Median income

$124,500

Median age

34.7

Daytime population

93,652

5-yr growth

6.7%

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

Secure deal room

Confidential diligence documents for LOT 8 HAVELOCK STREET, Adelaide Metcalfe (Kerwood).

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.