For Sale · Specialty

130 Mill Road, Marysvale

130 Mill Road, Marysvale, Newfoundland & Labrador A0A2Z0

$120,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

90%

Year Built

1974

About this property

Welcome to this charming cottage retreat where summer days, evening sunsets and life by the pond come together. Situated on a beautifully landscaped 100 x 300 lot, this inviting property is just steps from Turks Gut Long Pond, making it easy to grab your towel and head for a swim. Inside, the cozy open-concept layout is designed for relaxed cottage living and features two generous-sized bedrooms, plus a bunk room with built-in bunks—perfect for kids and family. Some vinyl windows, vinyl siding and shingles replaced approximately four years ago help make this an easy place to simply arrive and enjoy. Outdoor living is a big part of the appeal. The large front deck offers a partial view of the pond and a great spot for your morning coffee, while the spacious back deck catches the evening sun—perfect for BBQs, entertaining or unwinding after a day on the water. A pump house and storage shed provide additional practical space for all the cottage essentials. With year-round access, no property taxes and a location that keeps you within easy reach of St. John’s, Brigus and nearby amenities, this is a wonderful opportunity for anyone looking for a peaceful weekend escape, summer retreat or cozy place to enjoy throughout the year. (id:66811)

Financial sandbox

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Estimate
Purchase price$120K
Down payment30% · $36K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$554

Projected NOI

$7K

Annual cash flow

$440

Cash-on-cash

1.22%

DSCR

1.07

Going-in cap

5.91%

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

124,520

Households

50,821

Median income

$125,000

Median age

37.5

Daytime population

161,150

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 130 Mill Road, Marysvale.

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.