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$1.4M total
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Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
95%
Lot Size
175.62 ac
Here's a rare opportunity in the Township of South Stormont. Located just 10 minutes north of Cornwall, this impressive 175-acre property offers exceptional potential, with a portion of the land zoned Tourist Commercial, allowing for a wide range of future development and business opportunities.The property features beautiful mixed bush, a scenic pond, and a spacious family home with a walk-out lower level-ideal for a home-based business or on-site office. A triple attached garage with an oversized bay door provides ample space for equipment, vehicles, and storage.From day one, the property generates steady income through the land lease of two mobile homes, producing $1,700 per month. Formerly operated as an income-producing campground, this unique property offers endless possibilities for entrepreneurs, investors, or those looking to create something truly special.If you're ready to explore the opportunities this unique zoning and remarkable property have to offer, reach out today for more information. (id:66811)
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Monthly debt service
$6K
Projected NOI
$96K
Annual cash flow
$19K
Cash-on-cash
4.41%
DSCR
1.24
Going-in cap
6.87%
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.
Trade area within 3 miles of the property.
Population
111,946
Households
52,721
Median income
$67,500
Median age
41.2
Daytime population
169,436
5-yr growth
5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 17588 MCPHAIL ROAD, South Stormont.
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.