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$299,000 total
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Asset Class
Specialty
Size
—
Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
86%
Lot Size
0.3 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 143 Graham Head Road, Fernwood.
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.