For Sale · Retail

9 - 5287 COUNTY ROAD, Clearview (New Lowell)

9 - 5287 COUNTY ROAD, Clearview (New Lowell), ON L0M1N0

$1.2M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

95%

About this property

Sale of Mixed Use real estate property Situated On A Large Corner Lot With Commercial (C1) Zoning. Property gives flexibility of use with two separate units, each having its own entrance. The main/first unit offers 3 Bedrooms, 1.5 Bathrooms, 2 Spacious Living Rooms, A very large Kitchen, Office, large Loft Space. The second unit includes a large kitchen, living room, bedroom, bathroom, and den/office. Both Units Feature Laundry Hook-Ups. A Detached Garage provides 2 covered parking spaces and up to six or more open parkings. The property has a lot of natural light, Character And Potential. Although this property is currently used as a large family house, it is perfect for any investor seeking rental cash flow or an end user who wishes to live in one unit and rent the other for commercial or residential use. The large backyard allows for additional development, subject to city approvals to build residential or commercial space. Perfect for: Boutique bed and breakfast/hotel, restaurant, medical use (Dentist, pharmacy), any other retail use and many more uses. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$81K

Annual cash flow

$15K

Cash-on-cash

4.06%

DSCR

1.22

Going-in cap

6.76%

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

84,532

Households

32,841

Median income

$79,000

Median age

40.3

Daytime population

101,215

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 9 - 5287 COUNTY ROAD, Clearview (New Lowell).

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.