For Sale · Land

470 Imperial Road S, Massey

470 Imperial Road S, Massey, ON P0P1P0

$74,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

92%

About this property

Ready to build in Northern Ontario! This nearly ¾-acre vacant building lot offers the perfect combination of space, privacy and convenience. An engineered gravel building pad is already in place, with approximately half the property cleared and the remaining trees and brush provide a natural privacy buffer. Municipal water is available at the road, and a C-can with temporary hydro is already set up on site, providing convenient storage and power during the build. Located in the welcoming community of Massey, with town amenities close by and an abundance of outdoor recreation at your doorstep. Enjoy excellent fishing, countless nearby lakes, boating, trails and Chutes Provincial Park just minutes away. A great opportunity to build your dream home, seasonal retreat or investment property in a beautiful Northern Ontario setting. Bring your plans and start building! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$75K
Down payment30% · $22K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$346

Projected NOI

$3K

Annual cash flow

$-944

Cash-on-cash

-4.20%

DSCR

0.77

Going-in cap

4.28%

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

120,229

Households

52,266

Median income

$62,500

Median age

39.7

Daytime population

182,990

5-yr growth

8.6%

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

Secure deal room

Confidential diligence documents for 470 Imperial Road S, Massey.

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.