For Sale · Land

PT LT 6 CONCESSON 8 ROAD, Elizabethtown-Kitley

PT LT 6 CONCESSON 8 ROAD, Elizabethtown-Kitley, ON K7A4S5

$425,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

91%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$425K
Down payment30% · $128K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for PT LT 6 CONCESSON 8 ROAD, Elizabethtown-Kitley.

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.