Business For Sale · Specialty

4182 Highway 7, Porters Lake

4182 Highway 7, Porters Lake, NS B3E1E6

$790,000 total

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Asset Class

Specialty

Size

—

Building class

C

Zoning

US — Urban Services

$ / SF

—

Occupancy

84%

Year Built

1993

Lot Size

2.7 ac

About this property

Located on Highway 7 in Porters Lake, approximately 27 kilometres east of downtown Halifax, this commercial property sits on a 117,612 sq. ft. (2.70-acre) RE-zoned lot, offering excellent exposure on one of the community's primary transportation corridors. Previously operated as a licensed child care facility accommodating up to 60 children, the building is ideally suited for a daycare operator looking to establish or expand their business, while the property's zoning also permits a variety of other uses, including multi-unit residential development, subject to municipal approvals. The expansive lot offers additional long-term value, with potential for subdivision and future development (subject to approvals), making this an attractive opportunity for investors, developers, or owner-occupiers. Convenient access to Highway 107 provides a direct connection to Dartmouth and the greater Halifax Regional Municipality, while Halifax Transit Route 401 serves the area. The surrounding community continues to experience steady residential growth and commercial investment, supported by nearby amenities including Porters Lake Plaza, grocery stores, restaurants, gas stations, schools, and recreational destinations such as Porters Lake Provincial Park and the Atlantic View Trail. As one of the fastest-growing communities in eastern Halifax Regional Municipality, Porters Lake continues to benefit from increasing population and housing demand. Whether you're an established daycare provider seeking a well-equipped facility, a developer exploring future residential opportunities, or an investor looking for a versatile property with redevelopment potential, this offering presents an exceptional opportunity in a high-growth location. (id:66811)

Financial sandbox

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Estimate
Purchase price$790K
Down payment30% · $237K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$40K

Annual cash flow

$-4K

Cash-on-cash

-1.63%

DSCR

0.91

Going-in cap

5.05%

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

122,615

Households

55,973

Median income

$127,000

Median age

33.1

Daytime population

115,806

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for 4182 Highway 7, Porters Lake.

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.