For Sale · Specialty

Lot 6 Bass Lake, Bruce Mines

Lot 6 Bass Lake, Bruce Mines, ON P0S1C0

$205,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

96%

About this property

SPEND CHRISTMAS AT THE COTTAGE!! CAMP RENOVATION STARTED BUT INCOMPLETE, FRONT OF CAMP STILL INTACT, BACK BEDROOMS BASICALLY GUTTED TO THE STUDS TO ACCOMMODATE PLUMBING AS SEPTIC TANK AND BED IS NOW INSTALLED, LOCATED ON THE ROADSIDE OF BASS LAKE AND HAS A SEPTIC SYSTEM AND WELL WATER SUPPLY. KITCHEN AND LIVINGROOM FACE THE LAKE, AMPLE PARKING WITH A GENTLE SLPONG DRIVEWAY. THIS A RARE FIND AT THIS PRICE WITH POWER, WELL AND SEPTIC ON SITE. BE SURE TO CALL YOUR REALTOR TO VIEW THIS ONE. (id:66811)

Financial sandbox

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Estimate
Purchase price$205K
Down payment30% · $62K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$947

Projected NOI

$16K

Annual cash flow

$5K

Cash-on-cash

7.75%

DSCR

1.42

Going-in cap

7.87%

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

134,333

Households

54,824

Median income

$83,000

Median age

41.1

Daytime population

166,785

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for Lot 6 Bass Lake, Bruce Mines.

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.