For Sale · Land

Land Highway 217, Tiverton

Land Highway 217, Tiverton, NS B0V1G0

$53,000 total

—

Asset Class

Land

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

96%

Lot Size

15 ac

About this property

Check out the potential of this 15 acres of elevated land with views of St. Mary's Bay and with some tree clearing views of the Bay of Fundy as well. There are native species of trees including birch, spruce, fir and maple. There is an old cabin which for the right person could be repaired. The cabin has a driveway and a well which is on the property but has not been used in some time. The location is private and quiet but also close to the Balancing Rock and Tiverton with a general store and free ferry service 24/7 to the mainland. Also on Long Island are a medical centre and school, hiking, museums, parks and community events. Power and high speed wifi are available at the road. Please don't hesitate to book a showing of this land. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$53K
Down payment30% · $16K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$245

Projected NOI

$3K

Annual cash flow

$-397

Cash-on-cash

-2.50%

DSCR

0.86

Going-in cap

4.79%

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

109,946

Households

46,678

Median income

$89,500

Median age

42.2

Daytime population

94,856

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for Land Highway 217, Tiverton.

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.