For Sale · Land

LOT 2019-1 Ocean Avenue, Dominion

LOT 2019-1 Ocean Avenue, Dominion, NS B1G1R3

$50,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

83%

Lot Size

0.4834 ac

About this property

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)

Financial sandbox

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Estimate
Purchase price$50K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for LOT 2019-1 Ocean Avenue, Dominion.

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.