For Sale · Specialty

13 Lot of Five Avenue, Park Corner

13 Lot of Five Avenue, Park Corner, PE C0B1M0

$643,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

100%

Year Built

2004

Lot Size

1.38 ac

About this property

Waterfront Living in Park Corner, PEI Discover this charming three-bedroom, two-bathroom waterfront home in sought-after Park Corner along PEI?s beautiful North Shore. Set on a generous sized lot over an acre this 2004-built property offers privacy, coastal charm and breathtaking ocean views from almost every window. The open-concept kitchen and living area feature vaulted ceilings, custom cabinetry and abundant natural light. Enjoy coastal scenery throughout the day, with opportunities to take in both sunrise and sunset from the living room. Outside, multiple decks and a refurbished pergola create inviting spaces for outdoor dining and relaxation. The primary bedroom features a private deck, while the ensuite offers a peaceful retreat with water views. Notable updates include: a steel roof installed in 2022, the pergola refurbished in 2022, a lower deck added in 2014, the eavestroughs replaced in 2024, the new shed roof and fresh exterior stain on the house and shed in 2026, and septic system emptied and inspected in 2022 The landscaped grounds feature established perennials, grapevines, native lupins, bayberry, spruce trees and naturalized rugosa roses. Enjoy spectacular coastal scenery where bald eagles and shorebirds soar above the cliffs. A beach lies directly in front of the property, with the sandy shoreline naturally changing throughout the seasons. Ideally located near beautiful beaches, restaurants and renowned golf courses, the property is just 10 minutes from Kensington and its everyday amenities. With winterized construction, this home offers the flexibility to enjoy coastal living beyond the summer months. Its successful rental history adds appeal as a vacation property. Sold turnkey, it offers the opportunity to move in, enjoy a private coastal retreat or continue its established vacation rental use. Whether you are seeking a waterfront home, family getaway or investment opportunity, this is a special chance to experienc (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$644K
Down payment30% · $193K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$53K

Annual cash flow

$18K

Cash-on-cash

9.13%

DSCR

1.49

Going-in cap

8.28%

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

139,729

Households

64,725

Median income

$112,000

Median age

34.4

Daytime population

224,510

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 13 Lot of Five Avenue, Park Corner.

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.