For Sale · Land

Lot 18 Eagles View Lane, Malpeque

Lot 18 Eagles View Lane, Malpeque, PE C0B1M0

$59,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

91%

Lot Size

0.97 ac

About this property

2 Building Lots available in the beautiful Princetown Point Subdivision. Get the best of both worlds here with the privacy of being tucked away in the woods, and the option to walk down to the beach! Located on a peninsula with warm and shallow water this area is amazing for Kite boarding, kayaking, swimming, paddle boarding etc. Just a few minute drive to Cabot provincial park. If you are looking for laid back, quiet and private, these are a great option. Both lots are just under 1 Acre and are partially cleared and ready to build. The road has been freshly graded and is in great shape. Some covenants do apply. This is a seasonal subdivision with no year round access. (id:66811)

Financial sandbox

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Estimate
Purchase price$59K
Down payment30% · $18K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$272

Projected NOI

$2K

Annual cash flow

$-816

Cash-on-cash

-4.61%

DSCR

0.75

Going-in cap

4.16%

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

77,026

Households

34,107

Median income

$109,500

Median age

33.2

Daytime population

89,318

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for Lot 18 Eagles View Lane, Malpeque.

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.