For Sale · Land

141 Little Passage Road, West Arichat, St. Marys

141 Little Passage Road, West Arichat, St. Marys, NS B0E3J0

$1.9M 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

84%

Lot Size

92.9 ac

About this property

Exceptional Oceanfront Investment Opportunity 93 Acres | Approx. 6,400 Feet of Ocean & River Frontage A rare opportunity to own 93 acres with approximately 6,400 feet of ocean and river frontage along Cape Breton's beautiful coast. Offering exceptional privacy, extensive shoreline, existing infrastructure, and tremendous investment potential, this property is ideal for a private retreat, vacation rentals, tourism development, or a nature-based resort. Located just 15 minutes from Arichat and 25 minutes from Port Hawkesbury, the property combines peaceful coastal surroundings with convenient access to amenities. The planned multibillion-dollar EverWind AI Data Centre Campus in nearby Point Tupper adds to the region's future economic potential. A newly constructed 40' x 60' building features steel siding, a metal roof, propane furnace, small commercial kitchen, bathroom, and on-demand hot water. A drilled well and septic system are already in place. A separate solar building houses 16 solar panels and battery storage, supported by a Generac generator that automatically activates when battery levels are low. Additional features include a sundeck overlooking the water, a second driveway providing direct shoreline access. Enjoy boating, sailing, fishing, hunting, hiking, and abundant wildlife. Oysters, scallops, and clams can be found in the surrounding coastal waters. Tools, two campers, and a Grizzly ATV may be negotiated separately. With substantial acreage, extensive waterfront, and valuable existing infrastructure, this exceptional property offers endless possibilities for recreation, development, or long-term investment. A truly unique opportunity on Cape Breton's coastline! Please read extensive overview in documents. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.85M
Down payment30% · $555K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$67K

Annual cash flow

$-35K

Cash-on-cash

-6.39%

DSCR

0.65

Going-in cap

3.63%

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

65,970

Households

27,198

Median income

$110,500

Median age

31.4

Daytime population

95,031

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 141 Little Passage Road, West Arichat, St. Marys.

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.