For Sale · Land

6 AB Drake Crescent, East Petpeswick

6 AB Drake Crescent, East Petpeswick, NS B0J2L0

$140,000 total

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Asset Class

Land

Size

—

Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

91%

Lot Size

1.8313 ac

About this property

Ocean views and just minutes from beautiful Martinique Beach! This 1.83-acre lot offers a wonderful opportunity to build your dream home and enjoy picturesque Eastern Shore sunsets. Much of the preparation has already been completed: the lot is partially cleared, three driveways with culverts have been installed, and an approved septic plan is in place. Enjoy peaceful, private coastal living while remaining close to shops, restaurants, schools, the hospital and other amenities in nearby Musquodoboit Harbour. Dartmouth is approximately 3035 minutes away, with Halifax and the airport also within convenient driving distance. Swimming, surfing, hiking, fishing, hunting, skating and long days at the beach are all close by. A survey is available. Contact your Realtor for additional information about this beautiful ocean-view property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$140K
Down payment30% · $42K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$646

Projected NOI

$7K

Annual cash flow

$-815

Cash-on-cash

-1.94%

DSCR

0.89

Going-in cap

4.96%

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

96,435

Households

41,253

Median income

$83,500

Median age

42.9

Daytime population

134,092

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 6 AB Drake Crescent, East Petpeswick.

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.