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$380,000 total
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Asset Class
Specialty
Size
—
Building class
C
Zoning
US — Urban Services
$ / SF
—
Occupancy
88%
Year Built
2001
Imagine waking up to spectacular views of the Northumberland Strait and enjoying miles of beautiful sandy beaches just steps from your doorstep! Located in the highly sought-after South Shore community of Spruce Grove Estates, this charming 3-bedroom chalet-style cottage offers the perfect blend of coastal living, comfort, and privacy. Step inside to a spacious and inviting living room featuring a cozy propane fireplace, perfect for relaxing after a day at the beach. A heat pump provides comfort during the warm summer months, while electric heating keeps things cozy on those cooler fall evenings. Outside, two sun-filled decks offer wonderful spaces to entertain, unwind, or simply enjoy the peaceful surroundings. Mature landscaping provides plenty of privacy, while two storage sheds, including one generously sized shed, offer ample room for all your seasonal belongings and beach essentials. The spray-foamed floor adds extra comfort and efficiency, making this property an excellent candidate for potential year-round living. Ideally situated along PEI's beautiful South Shore, between Charlottetown and the Confederation Bridge, Spruce Grove Estates is a well-established community with a dedicated Homeowners Association that takes pride in maintaining the charm and integrity of the neighbourhood. With a community water supply and several residents already enjoying year-round living, it's easy to see why this location is so desirable. Whether you're searching for a peaceful summer getaway or dreaming of making coastal living a year-round lifestyle, this wonderful property offers an opportunity you won't want to miss. Come experience the beauty of PEI's South Shore for yourself! All sizes and measurements are approximate and to be verified by the purchaser. (id:66811)
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Monthly debt service
$2K
Projected NOI
$21K
Annual cash flow
$-514
Cash-on-cash
-0.45%
DSCR
0.98
Going-in cap
5.41%
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
71,239
Households
25,375
Median income
$126,000
Median age
34.7
Daytime population
77,814
5-yr growth
5.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 26 Brady Crescent, Canoe 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.