Business For Sale · Land

894 Morden Road, Weltons Corner

894 Morden Road, Weltons Corner, NS B0P1C0

$1.6M total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

88%

Year Built

2013

Lot Size

443 ac

About this property

Exceptional 145-Acre Farm in Nova Scotia's Annapolis Valley Two Homes, In-Ground Pool & Premium Farming Infrastructure. Discover an extraordinary opportunity to own a sprawling 145-acre farm in the heart of Nova Scotia's picturesque Annapolis Valley. This rare offering features two charming homes, one of which has an in-ground pool (pool will need to be repaired). The propertys rolling hills and sweeping vistas create a breathtaking backdrop, while the fenced pastures provide an ideal environment for housing cattle or storing bales of hay. This farm features an indoor riding arena and is a turnkey operation for those looking to expand or launch an agricultural enterprise. The landscapes natural beauty is matched only by its potential for productivity, making it a dream setting for both seasoned farmers and visionary investors. Seize this unparalleled chance to own a legacy property in one of Nova Scotia's most desirable farming regions. With two homes on the property, there is an opportunity to earn passive income - live in one and rent the other! The main house is 5 bedrooms with 2794 sq feet of living space and the smaller home is 2 bedrooms with approximately 1500 sq feet of living space. There are 6 PIDs associated with this property offering tremendous opportunity for future development. There are an additional 12 PIDs comprising of a total of 298 acres that are available for sale. Measurements are for each home on the property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-6K

Cash-on-cash

-1.27%

DSCR

0.93

Going-in cap

5.16%

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

72,940

Households

30,701

Median income

$115,000

Median age

32.3

Daytime population

91,889

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 894 Morden Road, Weltons Corner.

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.