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$425,000 total
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Asset Class
Land
Size
—
Building class
C
Zoning
AG — Agricultural
$ / SF
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Occupancy
91%
Great land opportunity with potential to sever 2 building lots! 120 acres located on a paved road 15 minutes South of Smithville & Merrickville, 20 minutes North of Brockville & the 401. With frontage on both County rd 7 and the Kitley Line 8 this property offers great access and many spots to build a home. It offers two beautiful fields with a total of 33.5 workable acres that are mostly made up of stone-free Uplands Sandy Loam, ideal for growing a wide range of crops including cash-crops, vegetables etc. There are approximately 55 acres of rough pasture in the South-East corner, with some trees to provide shade. There are also approximately 12.5 acres of hardwood bush, including sugar maples, at the North end of the property, great for the outdoor enthusiast and hunter. Other features include a well, an old horse stable and several tree stands. With farmland prices much higher in other parts of the province and building lots also increasing in price, there is plenty of room for this property to appreciate. This parcel has something for everyone, come and check it out today! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$17K
Annual cash flow
$-6K
Cash-on-cash
-5.00%
DSCR
0.73
Going-in cap
4.04%
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
58,817
Households
27,673
Median income
$109,000
Median age
31.8
Daytime population
60,259
5-yr growth
2.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for PT LT 6 CONCESSON 8 ROAD, Elizabethtown-Kitley.
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.