For Sale · Specialty

22 COTTAGE Road, Georgetown

22 COTTAGE Road, Georgetown, PE C0A1L0

$550,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

94%

Lot Size

2.3 ac

About this property

Welcome to 22 Cottage Road: Life on the Cardigan River Picture this: coffee in hand, the morning mist lifting off the water, and 2.3 acres of private waterfront stretching out before you. This is the kind of place people dream about, and it is rare to find. Step inside and the home opens up around you. The great room is filled with natural light from skylights overhead, and the vaulted ceiling gives it a warm, airy feel. Cozy up by the propane stove on cooler evenings, or step out through any of the multiple doors to the deck and covered veranda, where rainy days become something to enjoy and summer evenings stretch on forever. Whether you're hosting friends or savouring a quiet night, the river is always part of the experience. The eat-in kitchen is made for gathering, with plenty of room for everyone. A convenient combo washer/dryer is tucked into the closet, and a full bathroom sits just steps away. Toward the back of the home you'll find two comfortable bedrooms, ideal for family, guests, or a home office. Upstairs, the primary bedroom is your private retreat, complete with a full ensuite bath. Outside, mature trees surround the property, creating a sense of privacy and peace. With no restrictive covenants on the land, the possibilities are yours to explore. A detached double garage with storage above gives you room for all the gear that comes with life on the water. And for the boat lovers: this property comes with its own boat slip. Imagine untying the lines and heading out on the river whenever the mood strikes, then returning to your own dock at the end of the day. Or simply stroll the shoreline at sunrise and sunset, when the water glows and the whole world slows down. Three bedrooms. Two bathrooms. 2.3 acres. Your own slice of the Cardigan River. This is more than a home. It's a lifestyle, and it's waiting for you. Book your showing today before someone else makes it theirs. All measurements are approximate and should be verifi (id:66811)

Financial sandbox

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Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$35K

Annual cash flow

$5K

Cash-on-cash

2.73%

DSCR

1.15

Going-in cap

6.36%

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

115,484

Households

52,820

Median income

$62,000

Median age

36.7

Daytime population

175,140

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 22 COTTAGE Road, Georgetown.

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.