








































1/4232 Driftwood Lane, Launching, PE C0A1G0
$499,000 total
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Asset Class
Specialty
Size
—
Building class
B
Zoning
US — Urban Services
$ / SF
—
Occupancy
97%
Lot Size
5.6 ac
If you are a prospector, this is the once in a lifetime find. A rare diamond not to be duplicated anywhere on PEI. The property is 5.6 acres with 150 ft of water frontage and extends to the high water mark on the ocean. (This properly is now significantly larger due to accretion https://beachapedia.org/Accretion ) The property fronts on a marram grass dune and you have direct access to over a mile of private white sand beach that connects Launching Point to the Boughton Island nature preserve. There is a southern exposure and no bank from the property to the dunes. There is a road and power into the land as well as an older cottage, a bunkie with a full bathroom and two sheds. Paths run through the land and there are grown up gardens that need to be revitalized. The cottage could be renovated or moved to the back of the property and build your new dream home with the best view on PEI. This property truly is a nature lover's paradise where you can kayak, beach comb, dig clams, photograph many birds including piping plovers and eagles, and just dig your feet in the sand and enjoy the quiet, peace, and tranquility. This property is also ideal for a resort development or summer cottage rental business. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$39K
Annual cash flow
$12K
Cash-on-cash
7.75%
DSCR
1.42
Going-in cap
7.86%
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.
Trade area within 3 miles of the property.
Population
66,124
Households
30,018
Median income
$105,500
Median age
32.6
Daytime population
109,369
5-yr growth
9.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 32 Driftwood Lane, Launching.
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.