For Sale · Land

Lot 2 Sunrise Circle East, Labelle

Lot 2 Sunrise Circle East, Labelle, NS B0T1E0

$109,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

Lot Size

0.8953 ac

About this property

Your Own Piece of Paradise in Nova Scotia's Cottage Country! Looking for the perfect place to build your dream cottage or create your own peaceful getaway? Welcome to Lot 2 Sunrise Circle East, nestled in the beautiful cottage community of Labelle. Offering approximately 39,000 sq. ft. of land and 123 feet of direct waterfrontage on Black Rattle Lake, this property presents a wonderful opportunity to enjoy lakeside living in a tranquil, natural setting. Situated along a quiet, sheltered cove, the waterfront offers a peaceful spot to launch your kayak, canoe, or paddleboard and make your way through the narrow opening into the beautiful open waters of Black Rattle Lake. Whether you're looking to spend your days paddling, exploring, or simply relaxing by the water, this property provides the perfect backdrop. Surrounded by some of the area's most popular recreational lakes, including Molega Lake, Beaverdam Lake, and Annis Lake, you'll also enjoy access to the many public beaches, boat launches, and outdoor activities that make the Labelle area such a desirable cottage destination. Bring your vision and start making memories! Whether it's a seasonal retreat or your future lakeside cottage, this beautiful waterfront lot offers the space, privacy, and natural surroundings to make it your own. (id:66811)

Financial sandbox

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Estimate
Purchase price$110K
Down payment30% · $33K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$507

Projected NOI

$6K

Annual cash flow

$-434

Cash-on-cash

-1.32%

DSCR

0.93

Going-in cap

5.15%

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

50,835

Households

23,122

Median income

$77,000

Median age

42.8

Daytime population

59,639

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for Lot 2 Sunrise Circle East, Labelle.

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.