For Lease · Land

48 ROVEN Road, Niagara-on-the-Lake

48 ROVEN Road, Niagara-on-the-Lake, ON L0S1J0

Price on request

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

92%

About this property

150,000 Sq. Ft. Glass Greenhouses for Lease – Niagara-on-the-Lake Located in prestigious Niagara-on-the-Lake, these state-of-the-art glass greenhouses offer approximately 150,000 sq. ft. of growing space and are available for lease. Ideal for cultivating flowers, vegetables, strawberries, or a wide variety of other crops, the facility is designed for efficient year-round, 24/7 production. Features include: •Advanced greenhouse design •Automated micro-climate control system •3-phase electrical power •Three gas-fired boilers •Two truck loading docks •Spacious packing area •Storage barn •Staff lunchroom •Fully functional office space Lease Rate: $2.00 per sq. ft. per year, plus utilities. Additional Storage Facility Available: A large barn/storage building measuring 120 ft. x 40 ft. with a 16-ft. ceiling height is also available for lease at $5.00 per sq. ft. per year. You just pay rent and No Taxes (property taxes), Maintenance (common area maintenance/CAM), Insurance (TMI) fees. Accommodation ( 5 minus drive from the site) : A 4-bedroom house is available for lease at $2,600 per month, providing convenient accommodation for greenhouse operators or staff. Minimum Lease Term: One year. Don't miss this exceptional opportunity to establish or expand your agricultural operation in one of Ontario's premier growing regions. Application Requirements Applicants must provide: •Completed rental application •Credit and financial verification •Employment letter and recent pay stubs, or other proof of income •References Only qualified applicants will be considered. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

65,532

Households

24,339

Median income

$75,000

Median age

39.2

Daytime population

101,446

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 48 ROVEN Road, Niagara-on-the-Lake.

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.