1/70 South Cove Road, South Cove
0 South Cove Road, South Cove, NS B0E1T0
$174,999 total
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Asset Class
Land
Size
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Building class
C
Zoning
UR — Urban Reserve
$ / SF
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Occupancy
98%
Lot Size
82 ac
About this property
Set along a quiet, year-round maintained road just a short walk from the Bras d'Or Lake, this 82-acre former farm offers room to build, farm or invest. It includes about 1.5 acres of open field along the road, more partially cleared land suited to building or hobby farming, and mature woods for privacy. Zoned for residential and farm use, with power along the road, room for a well and septic, and the option to subdivide. Migrated title. Located in South Cove, across the water from Big Spruce Brewing and the Herring Choker Deli, about 35 minutes from Baddeck. The Seller is a qualified contractor available to build your home, and owns additional surrounding acreage that may be available to a buyer wanting a larger holding. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$808
Projected NOI
$9K
Annual cash flow
$-712
Cash-on-cash
-1.36%
DSCR
0.93
Going-in cap
5.13%
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
130,338
Households
56,538
Median income
$62,500
Median age
37.4
Daytime population
176,211
5-yr growth
1.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 0 South Cove Road, South Cove.
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.