






























1/327 Center Island Road, Fogo Island, Newfoundland & Labrador A0G2X0
$289,000 total
—
Asset Class
Multifamily
Size
—
Building class
A
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
97%
Year Built
1980
7 Center Island Road is a Fogo Island property with more ways to use it than most. The main house has three bedrooms. Downstairs there's a two-bedroom basement apartment plus a separate bed-sitting room. There's also a commercial space you could rent out. That's a home, rental income and business potential, all on one oversized lot. Two additional lots come with the property: one roughly 80 x 150 (crown grant), and one 100 x 300, level, and currently used to park camper trailers in the off season. Day-to-day life is easy here, close to the school, hospital, arena and shopping. You're just 5 km from Fogo Island Inn and 6 km from one of the corners of the Flat Earth, two of the island's best-known spots. CBS's 60 Minutes once called Fogo Island a remote jewel off the coast of Canada, and once you visit, you'll see why. Rugged coastline, quiet trails, and a community that makes you feel like part of it right away. Full-time home, rental property, or a place to slow down and reconnect with nature, this one checks a lot of boxes. If you've been looking for a property with real flexibility on Fogo Island, this is worth a closer look. This is an ideal investment property. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$1K
Projected NOI
$15K
Annual cash flow
$-1K
Cash-on-cash
-1.17%
DSCR
0.94
Going-in cap
5.19%
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
86,033
Households
38,203
Median income
$107,000
Median age
33
Daytime population
144,510
5-yr growth
0.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 7 Center Island Road, Fogo Island.
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.