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$1.4M total
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Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
93%
Lot Size
54.582 ac
Excellent opportunity to own approximately 54.58 acres of farmland with a residence, conveniently located just south of Tilbury in the Municipality of Lakeshore. Situated on paved County Road 46 and within easy reach of Highway 401, this property offers a versatile combination of productive agricultural land, a rural residence and useful outbuilding space. The farmland consists of 44 tiled (no maps), workable acres of Brookston Clay soil and is zoned Agricultural (A). Natural gas, hydro and municipal water service the property, with the residence utilizing a septic system. The property features a 1,344 sq. ft. ranch style home offering an open concept living, kitchen and dining area, three bedrooms and one full bathroom. A full unfinished basement with approximately 10' ceilings provides additional storage and future potential. An approximately 40 year old outbuilding with 100 amp service and a dirt floor offers practical space for machinery and equipment storage. Located approximately 3 km south of Tilbury and adjoining the Tilbury Golf Course, the property enjoys a convenient rural location surrounded predominantly by farmland while remaining close to town amenities and major transportation routes. This is a great opportunity for farmers looking to expand their land base, buyers seeking a farm with an existing residence, or those looking for a rural property with plenty of room and agricultural potential. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$6K
Projected NOI
$66K
Annual cash flow
$-9K
Cash-on-cash
-2.25%
DSCR
0.88
Going-in cap
4.87%
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.
Trade area within 3 miles of the property.
Population
58,846
Households
20,604
Median income
$73,000
Median age
38.6
Daytime population
70,408
5-yr growth
2.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 21225 COUNTY 46 ROAD, Lakeshore.
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.