For Sale · Land

20 Shipside Lane, Purcell's Cove

20 Shipside Lane, Purcell's Cove, NS B3P0K2

$599,900 total

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Asset Class

Land

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

Lot Size

5.4 ac

About this property

This 5.4-acre property offers lovely views of Halifax Harbour and presents an exceptional opportunity to create a custom home in a truly unique setting. While the property currently features a 950 sq. ft. residence, its present condition suggests that removal and new construction would be the most practical approach, allowing a new owner to fully capitalise on the property's natural beauty, generous acreage, and stunning harbour views. (id:66811)

Financial sandbox

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Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$33K

Annual cash flow

$-41

Cash-on-cash

-0.02%

DSCR

1.00

Going-in cap

5.53%

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

123,489

Households

54,907

Median income

$90,000

Median age

45.2

Daytime population

134,490

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 20 Shipside Lane, Purcell's Cove.

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.