For Sale · Land

5459 Route 13, New Glasgow

5459 Route 13, New Glasgow, PE C0A1N0

$1.1M total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

Lot Size

26 ac

About this property

Welcome to 5459 Route 13, an exceptional estate overlooking the New Glasgow valley with beautiful views of the River Clyde and rolling hills. Ideally located just fifteen minutes from Charlottetown and minutes from Cavendish, Glasgow Hills Golf Course, New Glasgow Lobster Suppers, and sandy beaches, this property offers a rare blend of privacy, scenery, and convenience. This remarkable twenty six acre estate includes twenty acres of actively farmed arable land suitable for agriculture, pasture, or future development. The property also features two charming cottages, a six stall horse barn, an outdoor riding arena, and three versatile outbuildings. The beautifully updated century home offers more than three thousand five hundred square feet of living space with five bedrooms, three and a half bathrooms, and two laundry rooms. The main level includes a spacious travertine tiled foyer, a granite topped country kitchen, a bright family room, and an adjacent room ideal for an office or formal dining. A breezeway leads to the heated triple garage measuring thirty by thirty four feet. The upper level includes three bedrooms, a full bath, attic access, and a luxurious primary suite of approximately seven hundred and twenty five square feet with vaulted ceilings, a five piece ensuite, walk in closet, propane fireplace, and private balcony. Extensive updates include new windows and doors, siding, flooring, a propane furnace, a two level garage addition completed in 2016, a heat pump installed in 2019, a new two hundred amp electrical panel with generator hookup, and a paved driveway in 2019. Whether you are seeking a working farm, a multi use investment, or a private retreat, this property offers outstanding value and lifestyle in the heart of Prince Edward Island. 38 (id:66811)

Financial sandbox

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Estimate
Purchase price$1.12M
Down payment30% · $336K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$47K

Annual cash flow

$-15K

Cash-on-cash

-4.44%

DSCR

0.76

Going-in cap

4.21%

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

44,858

Households

15,595

Median income

$104,500

Median age

35.1

Daytime population

54,494

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 5459 Route 13, New Glasgow.

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.