For Sale · Land

Lot 22-1A Maple Grove Road, Summerside

Lot 22-1A Maple Grove Road, Summerside, PE C1N4Z4

$99,900 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

94%

Lot Size

0.66 ac

About this property

A very rare find in Summerside. Large building lot with mature trees on a dead-end street. Ideal place for someone to build their forever home. Close to schools, hospital, and all amenities. No HST on this lot... don't wait, it wont last long! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$100K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$461

Projected NOI

$5K

Annual cash flow

$-775

Cash-on-cash

-2.58%

DSCR

0.86

Going-in cap

4.77%

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

104,242

Households

39,550

Median income

$133,000

Median age

36.9

Daytime population

148,387

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for Lot 22-1A Maple Grove Road, Summerside.

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.