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For Sale · Multifamily

2581 Morien HWY Highway, Port Morien

2581 Morien HWY Highway, Port Morien, NS B1B1C3

$430,000 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

—

Occupancy

83%

Year Built

2014

Lot Size

0.5367 ac

About this property

Beautiful water-view duplex in the coastal community of Port Morien. Built in 2014, this well-maintained property offers an excellent opportunity for investors or buyers looking to live in one unit while generating rental income from the other. Each unit features 3 bedrooms and 1 bathroom, providing comfortable and functional living space. A separate 24' x 24' double garage and 12' x 12' shed add even more value and versatility to the property. Enjoy beautiful water views and the charm of coastal Cape Breton living, with local beaches and trails nearby and Glace Bay and Sydney just a short drive away. Whether you're looking to expand your real estate portfolio or offset your living expenses with rental income, this property offers a fantastic opportunity in a beautiful seaside community. For investors looking to further expand their portfolio, the neighbouring duplex at 2577 Port Morien Highway is also available for purchase, creating a unique opportunity to acquire two income-producing properties side by side. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$430K
Down payment30% · $129K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$14K

Annual cash flow

$-10K

Cash-on-cash

-7.82%

DSCR

0.58

Going-in cap

3.19%

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

120,026

Households

48,552

Median income

$115,000

Median age

35.3

Daytime population

102,863

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 2581 Morien HWY Highway, Port Morien.

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.