For Sale · Land

Lot 16 Lake Ridge Drive, Italy Cross

Lot 16 Lake Ridge Drive, Italy Cross, NS B4V0M6

$50,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

97%

Lot Size

1.6141 ac

About this property

Discover Bear Sky Estates, a new residential community nestled among the treed landscapes of Italy Cross and the natural beauty of Wallace Lake on Nova Scotias South Shore. With a limited collection of residential lots and select waterfront opportunities, Bear Sky Estates offers the chance to create a home surrounded by nature, space, and a slower pace of life. A defining feature of this lot is deeded access to Wallace Lake, making it easy to embrace an outdoor, four-season lifestyle. Enjoy peaceful mornings by the water, summer days on the lake, evenings gathered with family and friends, or simply the beauty and tranquility of your natural surroundings. Each lot offers something unique, from quiet wooded settings to lake views and select waterfront locations. Thoughtfully planned for privacy and connection to the landscape, Bear Sky Estates provides an ideal setting for your own private retreat. Lot 16 also has a driveway off Italy Cross Road approved. A preferred builder is available to help buyers explore home designs and packages suited to each lot. Whether youre looking for a modern year-round residence, a weekend getaway, or a home designed for family and entertaining, there are opportunities to create a space that reflects your vision and complements its surroundings. Life here extends beyond your property line. Crescent Beach and Bridgewater are approximately 13 minutes away, while Liverpool is about 23 minutes away. Nearby LaHave, Mahone Bay, and Lunenburg offer beaches, trails, local shops, waterfront communities, dining, and endless opportunities to explore the South Shore. Bear Sky Estates is more than a place to buildits an opportunity to live closer to nature and make the South Shore lifestyle part of everyday life. Find your place at Wallace Lake. Build your home. Live the Bear Sky Estates lifestyle. (id:66811)

Financial sandbox

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Estimate
Purchase price$50K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$231

Projected NOI

$2K

Annual cash flow

$-806

Cash-on-cash

-5.38%

DSCR

0.71

Going-in cap

3.93%

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

47,468

Households

18,248

Median income

$88,000

Median age

42.1

Daytime population

61,654

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for Lot 16 Lake Ridge Drive, Italy Cross.

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.