For Sale · Land

105 Town Line RD, Sault Ste. Marie

105 Town Line RD, Sault Ste. Marie, ON P6A5K6

$29,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

97%

Lot Size

6.5 ac

About this property

Approximately 6.5-acre parcel located near the Sault Ste. Marie Airport. Offering a natural setting and plenty of space to enjoy the outdoors, this property is ideally suited for recreational use, nature lovers, or wildlife enthusiasts looking for their own piece of Northern Ontario. While the property is landlocked and does not offer conventional road access, it presents an opportunity for those seeking a private natural retreat or a place to enjoy the surrounding wilderness. The area offers access to an abundance of outdoor recreation, with the shores of Lake Superior, scenic hiking trails, ATV and snowmobile routes, and countless opportunities for fishing, wildlife observation, and exploring the great outdoors all within the broader region. Whether you're looking for a recreational holding, a nature-focused getaway, or simply an opportunity to own a sizeable piece of Northern Ontario wilderness, this 6.5-acre parcel offers a chance to enjoy the natural beauty and recreational lifestyle that the Sault Ste. Marie area is known for. (id:66811)

Financial sandbox

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Estimate
Purchase price$30K
Down payment30% · $9K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$138

Projected NOI

$2K

Annual cash flow

$-136

Cash-on-cash

-1.51%

DSCR

0.92

Going-in cap

5.09%

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

51,011

Households

19,823

Median income

$79,000

Median age

43.5

Daytime population

83,678

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 105 Town Line RD, Sault Ste. Marie.

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.