







1/9Lot 143 City View Drive, Mermaid, PE C1B0V8
$179,000 total
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Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
91%
Lot Size
2.2 ac
RIVERFRONT MAGIC IN MERMAID! This isn?t just a piece of land, it?s the blank canvas for your dream build. Sitting right on the peaceful banks of the Hillsborough River, this sprawling 2.19-acre waterfront lot gives you that rare balance of true coastal quiet without feeling out in the middle of nowhere. Starting your mornings with a quiet coffee over the water, watching the river mist clear, or pulling out the kayak right from your own backyard in the afternoon. Whether you?re planning a sleek, modern build or a cozy maritime house with big porches, there?s more than enough space and depth here to make it happen. The heavy lifting is already taken care of, too: - 2.19-acre surveyed lot (8,854 sq. m.) - Perc tested Category II - Year round road - HST exempt - Restrictive covenants to protect your investment over time Even with all that peace and quiet, you?re only 15 minutes from Stratford and an easy drive over the Hillsborough Bridge into downtown Charlottetown for dinner, coffee, or groceries. Waterfront. Total privacy. 15 minutes to town. Boundaries are approximate. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$827
Projected NOI
$7K
Annual cash flow
$-3K
Cash-on-cash
-4.97%
DSCR
0.73
Going-in cap
4.05%
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.
Trade area within 3 miles of the property.
Population
116,854
Households
51,544
Median income
$69,500
Median age
38.2
Daytime population
174,693
5-yr growth
8.7%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for Lot 143 City View Drive, Mermaid.
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.