For Sale · Specialty

45 Beaver Road, Georges Lake

45 Beaver Road, Georges Lake, Newfoundland & Labrador A2H0C9

$199,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

89%

Year Built

1996

About this property

Location, land and opportunity! Situated on 1.14 acres in the desirable George’s Lake area, this four season cottage style home offers a rare opportunity along sought after Beaver Pond Road. Surrounded by mature trees, the property offers privacy, beautiful lake views and plenty of potential. The real value is in the land and location, with an existing cottage as an added bonus! The cottage features two good sized bedrooms, a spacious living room with wood stove, kitchen and dining area. Natural wood finishes, built in cabinetry and a vaulted ceiling in one bedroom add character. A spiral staircase leads to a large lower level workshop with double doors providing backyard access. A highlight is the enclosed sunroom with panoramic views of George’s Lake and the surrounding hills. A wonderful place to relax and enjoy the scenery! The 1.14 acre lot offers excellent potential. The lower portion toward the water is relatively flat with a gentle slope and has been largely cleared. The owners had plans to build a new cottage closer to the water, offering possibilities for a future build, subject to approvals. One neighbouring cottage is not visible from the property, while the opposite side includes a firebreak and land understood to remain undeveloped. The existing cottage is livable but requires repairs and updating. Additional siding is included for future exterior improvements. The value is primarily in the land and desirable location, with a cottage to enjoy while planning your next steps. With winter approaching, George’s Lake is a favourite for snowmobiling enthusiasts! Enjoy the winter recreation and return to the warmth of the wood stove. Whether seeking a getaway, renovation project or future building location, this property offers an opportunity to enjoy the George’s Lake lifestyle! (id:66811)

Financial sandbox

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Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$919

Projected NOI

$12K

Annual cash flow

$879

Cash-on-cash

1.47%

DSCR

1.08

Going-in cap

5.98%

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

114,193

Households

51,616

Median income

$129,000

Median age

37.8

Daytime population

173,632

5-yr growth

4.7%

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

Secure deal room

Confidential diligence documents for 45 Beaver Road, Georges Lake.

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.