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Listed 2 months ago

8926 Mckinnon Road

Rural Essa, Essa

$1

Detached|Sidesplit 3
4 | 2 | 7
About this home

Once-in-a-generation opportunity on 24 acres in fast-growing Angus. A solid 4-bedroom detached home anchors the property today, while approximately 10 acres are positioned for a major commercial retail development - a 7-building concept plan (up to 74,800 sf of leasable area, 360+ parking spaces) prepared by a consulting planner, with a Zoning By-law Amendment application submitted to the Township of Essa and deemed complete by the municipality. Live in or lease the existing home while the commercial vision moves forward. Fronting County Road 90 (~16,500 vehicles/day) and minutes from CFB Borden, the site sits in a community with strong unmet demand for comparison-goods retail, confirmed by an independent market study with no competing large-format site identified in Angus. Archaeological assessment complete. Geotechnical investigation complete. Major due-diligence studies are already behind you.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleSidesplit 3
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,265
Lot Size195.35 ft x 2099.96 ft
mls© NumberN13486348
Listed ByVeridian Realty Inc.

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$0
Property tax
$355
Heat allowance
$150
Housing costs
$505 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $0
25-yr amortization

Income needed

$16,000

gross annual household income

Payment at 4%
$0 / mo
Cash down
$0

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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