Business For Sale · Land

21225 COUNTY 46 ROAD, Lakeshore

21225 COUNTY 46 ROAD, Lakeshore, ON N0P1J0

$1.4M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

Lot Size

54.582 ac

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.35M
Down payment30% · $405K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 21225 COUNTY 46 ROAD, Lakeshore.

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.