For Sale · Land

7 lot subdivision Regina Lane, Louisdale

7 lot subdivision Regina Lane, Louisdale, NS B0E1K0

$310,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

97%

Lot Size

55.873 ac

About this property

Discover an exceptional opportunity to own this beautiful 7-lot subdivision, located in an attractive coastal setting in Lennox Passage, Nova Scotia, just outside Louisdale and moments before the bridge to Isle Madame. This newly established subdivision encompasses approximately 55 acres, with individual lot sizes ranging from approximately 2.3 to 33 acres. Each property is accessed by a newly established private road, Regina Lane, offering a peaceful and private setting surrounded by the natural beauty of the area. The rural zoning provides flexibility for a variety of uses, including single-family or multifamily residences, as well as vacation properties. There is no obligation to build and no restrictive covenants, providing buyers with the freedom to develop their property according to their own plans and timeline. For those seeking a stronger connection to the water, an optional right of way to the Atlantic Ocean may be granted to all seven properties through the directly adjacent development of Lennox Passage Estates. Adding to the appeal, the subdivision is located directly along the Fleur-de-lis Trail, offering convenient access to one of Cape Bretons scenic recreational routes. The properties are also well connected to the paved Highway 320, with easy access to Highway 104 and the communities of Port Hawkesbury and Sydney. Everyday amenities are close at hand, with restaurants, shops, and essential services in Louisdale just 23 minutes away. (id:66811)

Financial sandbox

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Estimate
Purchase price$310K
Down payment30% · $93K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$13K

Annual cash flow

$-4K

Cash-on-cash

-4.15%

DSCR

0.78

Going-in cap

4.30%

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

122,772

Households

57,538

Median income

$128,500

Median age

36.8

Daytime population

116,575

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 7 lot subdivision Regina Lane, Louisdale.

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.