For Sale · Specialty

143 Graham Head Road, Fernwood

143 Graham Head Road, Fernwood, PE C0B1C0

$299,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

86%

Lot Size

0.3 ac

About this property

Looking for peace and quiet or a great short term rental investment? This 2 bedroom, 1 bathroom waterfront cottage sits on 0.30 of an acre along the Northumberland Strait and offers beautiful water views and evening sunsets. Inside features a functional open concept kitchen, dining, and living area with vaulted ceilings and good natural light. Both bedrooms include closet storage, and the primary bedroom has sliding patio doors that step out directly to the deck. Outside, there is a wrap around deck with plenty of room for seating, an 8 x 8 mini barn for extra storage, and the potential to add a set of stairs for direct beach access. Just a short walk down the road, you will also find a small watercraft slip, making it easy to launch a boat, Sea Doo, or kayak. Located just 20 minutes from Summerside and the Confederation Bridge, this property could work well as a private summer get away or an Airbnb cottage. (id:66811)

Financial sandbox

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Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$16K

Annual cash flow

$-992

Cash-on-cash

-1.11%

DSCR

0.94

Going-in cap

5.21%

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

97,779

Households

38,325

Median income

$116,000

Median age

35.1

Daytime population

124,072

5-yr growth

1.7%

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

Secure deal room

Confidential diligence documents for 143 Graham Head Road, Fernwood.

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.