For Sale · Land

Lot 25-3 MacPhail Cove Road, Fairview

Lot 25-3 MacPhail Cove Road, Fairview, PE C0A1H2

$89,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

Lot Size

1.69 ac

About this property

Imagine waking up to beautiful views of the West River, where peaceful surroundings, open skies and the natural beauty of Prince Edward Island become part of your everyday life. Welcome to Lot 25-3 MacPhail Cove Road,Fairview, a beautiful 1.69 acre waterview building lot offering the perfect setting to bring your vision of Island living to life. Whether you're dreaming of a year-round family home, a peaceful place to retire, or simply more space to slow down and enjoy the things that matter most, this property gives you the opportunity to create something truly your own. Design your new home to embrace the West River views, enjoy your morning coffee overlooking the countryside, and create an outdoor space where summer evenings are spent with family and friends. As the seasons change, so does the scenery ? offering a beautiful backdrop throughout the year. Golf enthusiasts will appreciate having Countryview Golf Club less than a five-minute drive away, while the nearby West River adds to the relaxed, outdoor lifestyle this location has to offer. The lot has been professionally surveyed, with a test pit/soil assessment already completed, providing helpful information as you begin planning your new home. Restrictive covenants are also in place to help maintain the character and quality of the development. This is more than a place to build a house ? it's a place to build a life. Come walk Lot 25-3 MacPhail Cove Road and take in the West River views, and imagine calling this beautiful piece of Prince Edward Island home. (id:66811)

Financial sandbox

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Estimate
Purchase price$90K
Down payment30% · $27K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$415

Projected NOI

$5K

Annual cash flow

$-234

Cash-on-cash

-0.87%

DSCR

0.95

Going-in cap

5.28%

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

67,872

Households

29,599

Median income

$97,000

Median age

45.2

Daytime population

106,440

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for Lot 25-3 MacPhail Cove Road, Fairview.

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.