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$50,000 total
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Asset Class
Land
Size
—
Building class
A
Zoning
AG — Agricultural
$ / SF
—
Occupancy
83%
Lot Size
0.4834 ac
Picture your dream home on Ocean Avenue, a sought-after no-exit road in one of Dominion, Nova Scotias desirable neighbourhoods. This spacious 21,058 sq. ft. lot offers nearly half an acre to make your own, with partially cleared space and treed areas providing a natural setting. Featuring approximately 109.55 feet of frontage on Ocean Avenue and 63.90 feet on McKinnon Lane, the property presents a rare opportunity to secure a large parcel in this established neighbourhood. Portions of the property are zoned UR2 (Low Density Urban Residential) and MUC (Mixed Use Corridor), both of which permit residential uses, with additional possibilities depending on the proposed use and its location within the lot. Buyers should confirm their plans with CBRM Planning. A home previously stood on the property, and the 2019 survey identifies the lot as serviced by municipal water and sewer; buyers should verify current service availability and connection requirements. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$231
Projected NOI
$2K
Annual cash flow
$-803
Cash-on-cash
-5.35%
DSCR
0.71
Going-in cap
3.94%
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
102,438
Households
40,285
Median income
$67,500
Median age
39.8
Daytime population
113,534
5-yr growth
7.5%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for LOT 2019-1 Ocean Avenue, Dominion.
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.