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$1.5M total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
—
Occupancy
91%
Year Built
1989
Welcome to Terra Nova Cottages, where guests arrive as visitors and return year after year as familiar faces! Located in beautiful Port Blandford, this well-established, pet-friendly resort has become a favourite getaway for families, friends, and travellers looking to relax, reconnect, and make lasting memories. Just off the Trans-Canada Highway with beautiful bay views, only 2 minutes from Terra Nova Golf Course, 30 minutes from White Hills Ski Resort, and seconds from the provincial ATV trail system, there's something to enjoy in every season. The property features 8 fully furnished cottages with one and two-bedroom layouts, each offering a kitchen, living area, private bathroom, covered deck, and BBQ. An additional 8-two bedroom cottages and spacious conference centre accommodating up to 100 guests make this an ideal setting for family reunions, weddings, retreats, and group gatherings. There are also 10 full-service RV sites with three-way hookups and 30-amp service. Guests can enjoy a seasonal outdoor pool, playground, horseshoe pits, communal fire pits, and plenty of green space to gather and unwind. It's the kind of place where families create traditions, friendships grow, and guests look forward to returning. With year-round accommodations, loyal returning guests, and multiple income opportunities, Terra Nova Cottages offers more than a business investment. It's an opportunity to carry on something special and continue the welcoming atmosphere that has brought guests back year after year.2028 ALREADY BOOKED !! (id:66811)
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Monthly debt service
$7K
Projected NOI
$53K
Annual cash flow
$-30K
Cash-on-cash
-6.60%
DSCR
0.64
Going-in cap
3.56%
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
76,503
Households
26,404
Median income
$129,500
Median age
38.4
Daytime population
103,404
5-yr growth
3.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 500 Trans-Canada Highway, Port Blandford.
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.