For Sale · Land

5 Spurline Avenue, Pennfield

5 Spurline Avenue, Pennfield, NB E5H2J7

$24,900 total

—

Asset Class

Land

Size

—

Building class

B

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

95%

Lot Size

1 ac

About this property

Discover the perfect setting for your future home on this attractive 1-acre corner lot located on the corner of Spurline Avenue and Noble Avenue. This level, well-treed property offers privacy, natural beauty, and excellent development potential. Nestled in a quiet residential neighborhood, this spacious lot provides an ideal balance of peaceful country living and convenient access to nearby amenities in St. George and the surrounding area. With mature trees and level terrain, the property is well-suited for a variety of home designs and offers a fantastic opportunity to create your dream home in a sought-after community. Whether you're looking to build now or invest for the future, this exceptional corner lot is worth a closer look. Call your favorite REALTOR® today for more information. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$25K
Down payment30% · $7K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$115

Projected NOI

$1K

Annual cash flow

$-278

Cash-on-cash

-3.72%

DSCR

0.80

Going-in cap

4.43%

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

109,748

Households

38,324

Median income

$126,000

Median age

35

Daytime population

121,563

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 5 Spurline Avenue, Pennfield.

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.