For Sale · Land

3245 WALLACE ROAD, North Dundas

3245 WALLACE ROAD, North Dundas, ON K0E1S0

$1.2M total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

92%

About this property

59 ACRES OF COUNTRY LIVING, EQUESTRIAN FACILITIES & ENDLESS POSSIBILITIES! Nestled along the Nation River in South Mountain, this exceptional hobby farm offers an incredible combination of comfortable living, impressive outbuildings, and room to pursue your passions! The sprawling brick bungalow welcomes you with a warm country feel, featuring gorgeous vaulted ceilings with exposed wood beams, gleaming hardwood floors, and a beautiful fireplace anchoring the spacious living and dining area. With 4 bedrooms and 3 full bathrooms, there's plenty of room for family and guests. A separate guest wing, complete with its own kitchen and living space, offers wonderful flexibility for extended family or multi-generational living. The beautifully finished lower level (2024) provides an abundance of additional living space, including a large recreation room, office/library area, and two separate entrances from the main level. Outside, enjoy expansive decking, a charming gazebo, and peaceful country surroundings. EQUESTRIAN ENTHUSIASTS WILL LOVE the impressive 50' x 120' indoor riding arena and 6-stall horse barn, offering the opportunity to enjoy horses year-round! A 25' x 50' insulated workshop with its own 200-amp service is ideal for hobbyists, equipment storage, or entrepreneurial pursuits. A former dog grooming area provides additional possibilities for a home-based business. Other notable features include a 20 kW backup generator, roof replaced in 2020 with 40-year shingles, and two drilled wells. With nearly 60 acres to explore, scenic riverfrontage, multiple outbuildings, and exceptional versatility, this is more than a home-it's an opportunity to embrace the country lifestyle you've been dreaming of! BRING YOUR HORSES, YOUR HOBBIES, AND YOUR DREAMS! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.20M
Down payment30% · $360K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$64K

Annual cash flow

$-3K

Cash-on-cash

-0.83%

DSCR

0.96

Going-in cap

5.29%

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

92,020

Households

38,777

Median income

$79,000

Median age

42.6

Daytime population

127,029

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 3245 WALLACE ROAD, North Dundas.

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.