1/130 South Cove Road, South Cove
0 South Cove Road, South Cove, NS B0E1T0
$119,999 total
—
Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
93%
Lot Size
5 ac
About this property
Exceptional 5-acre waterfront property on the Bras d'Or Lake in South Cove, directly across the water from Big Spruce Brewing and the Herring Choker Deli. Approximately 230 ft of accessible shoreline, mature hardwoods for privacy, and over 2,900 m² of open hayfield ready to build on. Surveyed, with a migrated title, zoned for residential, ability to subdivide, power along the road, and room for a well and septic. The Seller is a qualified contractor available to build your new home and develop the property. Local services for road building, landscaping and service connections are readily available. The Village of Baddeck is a short boat ride or about 35 minutes by car. A rare chance to create your own waterfront retreat in the UNESCO Bras d'Or Lake Biosphere Reserve. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$554
Projected NOI
$5K
Annual cash flow
$-1K
Cash-on-cash
-3.20%
DSCR
0.83
Going-in cap
4.58%
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
108,753
Households
40,589
Median income
$73,000
Median age
39.3
Daytime population
158,489
5-yr growth
5%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 0 South Cove Road, South Cove.
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.