For Sale · Land

Lot 41 Cranberry Lake Road, Kemptville

Lot 41 Cranberry Lake Road, Kemptville, NS B0W1Y0

$69,900 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

92%

Lot Size

7.512 ac

About this property

7.5 acres with 354 +/- feet of frontage on Third Lake! This surveyed, wooded property offers an appealing combination of waterfront, acreage and privacy in the quiet lake country of Kemptville, and located approximately 20 minutes from Carleton. With plenty of room to consider a seasonal cottage, recreational retreat or future year-round home, the property provides a peaceful setting surrounded by nature with direct access to the lake. Only 40 minutes from Yarmouth, with its shopping, restaurants, healthcare and other major amenities, the property offers rural privacy within reasonable driving distance of town. Electricity runs along Cranberry Lake Road, adding convenience for future development. HST is applicable and is over and above the purchase price. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$70K
Down payment30% · $21K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$323

Projected NOI

$3K

Annual cash flow

$-683

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

139,247

Households

56,186

Median income

$123,500

Median age

37.4

Daytime population

180,790

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for Lot 41 Cranberry Lake Road, Kemptville.

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.