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Land For Sale at 1944 FORCED ROAD in Vars, Ontario

4 Sale ID #156877
Updated 02 May 2024

Asking Price

$4,750,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Discover 112 acres of development potential in Vars, Ontario Zoned RU (Rural) and borders a new subdivision with road ends owned by the City of Ottawa. This property offers an ideal location with 41 acres on the west side of a municipal drain and 71 acres on the east, catering to various development possibilities. Varied Landscapes: West section is mostly cleared, while the east section is a natural forested oasis with some cleared areas. Topography: Flat terrain with rich, untouched topsoil. Infrastructure: Two drilled wells, connected to an existing farmhouse, and access to City Well services for higher development density. Existing Buildings: Old farmhouse, stable building, log cabin, workshop, and horse paddocks offer versatility. (id:39198)

  • MLS® : #1360056
  • Date Listed : 10 Sep 2023

Location

Province

Ontario

City

Vars

Address

1944 Forced Road

Postal Code

K0A3H0

Location Highlights

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Listed by

CENTURY 21 SYNERGY REALTY INC Ontario listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

0

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$4,750,000

Asking Price

$4,750,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

N/A

Absentee Owner

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Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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