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For Sale · Land

75 WOLVEN STREET, Norfolk (Port Rowan)

75 WOLVEN STREET, Norfolk (Port Rowan), ON N0E1M0

$389,900 total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

95%

About this property

Build your dream home in the serene lakeside community of Port Rowan! Custom build your dream home on this magnificent building lot with panoramic view of Long Point Bay. This stunning building site includes a 20% common area ownership of the 2 acre picturesque waterfront parcel across the street, municipal address 94 Wolven Street; providing protected views and lake access. Municipal water and natural gas available. Small town lifestyle with a variety of amenities including shops, golf, a marina, several churches, cafe's and restaurants. Time to explore Ontario's South Coast offering award-winning wineries and breweries, eco-adventures, ziplining, world-class birding, walking/hiking/cycling trails, farmer's markets, shopping and world-class freshwater beaches. Retirement never looked better! Minutes to the white sandy beaches of Long Point. Experiencing nature to the fullest thanks to the Long Point Biosphere Reserve (A Unesco World Heritage Site), boating & fishing on Lake Erie. If you want experience a little culture than the Lighthouse Festival Theatre is a shore drive away in Port Dover; outdoor concerts at the Burning Kiln Winery at St. Williams. The history buffs will love Port Burwell with its Museum of Naval History - HMCS Ojibwa. The perfect active lifestyle for the young at heart, active retiree see what Ontario's South Coast has to offer. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$390K
Down payment30% · $117K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$-2K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

140,693

Households

58,028

Median income

$69,500

Median age

41.6

Daytime population

231,001

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 75 WOLVEN STREET, Norfolk (Port Rowan).

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.