For Sale · Land

1302 Old Goulais Bay RD, Sault Ste. Marie

1302 Old Goulais Bay RD, Sault Ste. Marie, ON P6A5K8

$98,000 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

89%

Lot Size

80 ac

About this property

This tranquil 79.8 Acres of forest is only 0.4km past where the municipally maintained part of Old Goulais Bay RD ends. This parcel has a couple of little lakes on it, with some cleared areas and trail systems throughout. Immerse yourself in the peace and quiet, in the heart of nature with abundant signs of wildlife and a diverse variety of mature trees. Or explore various opportunities for use of the natural resources located on this property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$98K
Down payment30% · $29K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$453

Projected NOI

$4K

Annual cash flow

$-2K

Cash-on-cash

-6.18%

DSCR

0.67

Going-in cap

3.69%

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

99,053

Households

36,866

Median income

$103,000

Median age

43.3

Daytime population

97,181

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 1302 Old Goulais Bay RD, Sault Ste. Marie.

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.