For Sale · Land

Lot 25-2 MacPhail Cove Road, Fairview

Lot 25-2 MacPhail Cove Road, Fairview, PE C0A1H2

$89,900 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

95%

Lot Size

1.68 ac

About this property

Imagine waking up to beautiful views of the West River, where peaceful countryside, open skies and the natural beauty of Prince Edward Island create the backdrop for everyday life. Welcome to Lot 25-2 MacPhail Cove Road, a beautiful 1.68 acre waterview building lot waiting for you to bring your vision of Island living to life. Picture the home you've always wanted, designed to capture the views and provide a place where mornings begin a little quieter, evenings last a little longer, and there's always room to gather with family and friends. Whether you're planning your forever home, looking ahead to retirement, or simply dreaming of a place where you can slow down and enjoy more of what matters, Lot 25-2 offers a wonderful opportunity to create something uniquely yours. Design your home to embrace the West River views, enjoy your morning coffee overlooking the countryside, and create an outdoor living space perfect for warm summer evenings and unforgettable Island sunsets. With every season bringing something new to the landscape, this is a setting you'll never grow tired of coming home to. For those who enjoy spending time on the course, Countryview Golf Club is less than a five-minute drive away, adding another reason to love this location. The lot has been professionally surveyed, with a test pit/soil assessment already completed, providing valuable information as you begin planning your new home. Restrictive covenants are also in place to help maintain the residential character and quality of the development. Come walk Lot 25-2 MacPhail Cove Road, take in the West River views and picture your future here. This isn't simply a place to build a home ? it's an opportunity to create the Island lifestyle you've been dreaming about. (id:66811)

Financial sandbox

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Estimate
Purchase price$90K
Down payment30% · $27K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$415

Projected NOI

$5K

Annual cash flow

$-232

Cash-on-cash

-0.86%

DSCR

0.95

Going-in cap

5.28%

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

54,693

Households

21,221

Median income

$97,000

Median age

31

Daytime population

85,674

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for Lot 25-2 MacPhail Cove Road, Fairview.

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.