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$2.0M total
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Asset Class
Land
Size
—
Building class
A
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
95%
Lot Size
200 ac
UNLIMITED POTENTIAL, minutes from the Village of Richmond! This SPECTACULAR 200 ACRE farm sits at the end of a DEAD-END road, next to provincially protected land. This property is STUNNING but also offers a number of potential revenue streams; CASH CROPS, SEVEREANCES, RENTAL INCOME, HORSE BOARDING, BED & BREAKFAST, RENTAL STORAGE SPACE... with 2000 ft of frontage, spanning across the concession to Dobson Lane and just 1 km from the village and current housing development. 100 acres of high quality silty loam soil, currently in soy is expected to gross $900/acre. The crops are alternated every other year with corn, producing yields that grossed $1200/acre. The farm was once used to raise 100 head of beef cattle, feeding calving cows all year round with the phenomenal hay produced on the land. The property features a 2 bedroom farmhouse with a 3200 sf addition framed to the studs. The original farmhouse and the addition are both fully equipped and run independent from the other. The farmhouse features forced air oil furnace, upgraded electrical, dedicated septic system and well. The 3200 sf addition was built by the family and finished with quality workmanship and intentional details that would surpass even today's building standards. Electrical has been run throughout the home, heated by forced air propane furnace (2016), a drilled well with plumbing run to the home and a brand new septic system. Choose your selections, skip the demo!! The property also features a solid gambrel style barn with dedicated lane access, currently laid out with 9 x 11 ft deep stalls, 3 standing stalls, run in and hay storage. Water lines run to each stall (will need to be re-connected to the new well). Additional outbuildings offer potential revenue and storage? This property needs to be seen to be fully appreciated. Curious? Come for the potential, stay for the SUNSET! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$9K
Projected NOI
$108K
Annual cash flow
$-1K
Cash-on-cash
-0.20%
DSCR
0.99
Going-in cap
5.48%
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
77,963
Households
36,869
Median income
$84,000
Median age
44.5
Daytime population
111,143
5-yr growth
6.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 6417 BOWRIN ROAD, Ottawa.
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.