For Sale · Specialty

30 SEAVIEW Lane, Rustico

30 SEAVIEW Lane, Rustico, PE C0A1N0

$689,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

90%

Year Built

2002

Lot Size

0.57 ac

About this property

Get the most for your money with a million-dollar view that never gets old! Add an exceptionally solid build with 2x6 construction, and room for all the toys, projects and everyday storage, and you have a property that offers so much more than just a beautiful setting. This 3-bedroom, 2-bath home in sought-after Rustico is perfectly positioned to take in the picturesque North Rustico Harbour. The view from the living room window is truly stunning. And when you're inside, the well-insulated 2x6 construction creates a comfortable, peaceful retreat - your own little oasis overlooking the harbour. The extras are anything but ordinary. A heated, wired and plumbed triple-car garage, standby Generac propane generator, metal roof, two heat pumps, 200-amp electrical service, double paved driveway, 30-amp RV hookup, and a 12 x 18 Old Hickory shed with roll-up door make this property as practical as it is appealing. Storage is another standout feature, with generous built-in cabinetry, spacious closets and plenty of room to keep everything organized. The third bedroom is currently set up as a den/office, offering flexible space to suit your lifestyle. For added comfort, the sellers primarily heat with the heat pumps, using the in-floor heating for additional warmth on colder days. Full details on upgrades and utilities are available upon request. Location adds even more value. You're just 4 minutes from North Rustico amenities, beaches, the wellness centre and the National Park, approximately 24 minutes to Charlottetown and 39 minutes to Summerside. Whether you're looking for your dream cottage, a comfortable year-round home, or a property that gives you the space and functionality you've been searching for, this one deserves a closer look. Don't take our word for it - come see for yourself. Reach out today to arrange your viewing. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$689K
Down payment30% · $207K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$41K

Annual cash flow

$3K

Cash-on-cash

1.25%

DSCR

1.07

Going-in cap

5.92%

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

112,846

Households

42,212

Median income

$130,500

Median age

38.2

Daytime population

161,744

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 30 SEAVIEW Lane, Rustico.

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.