For Sale · Specialty

5864 ST PETERS Road, St. Peters Bay

5864 ST PETERS Road, St. Peters Bay, PE C0A2A0

$50,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

86%

About this property

TO BE MOVED. Looking to add a cottage to your property? Introducing the Lupin Cottage, a 528 sq. ft. cottage featuring a beautiful sunroom/entrance area that provides a welcoming space to relax and enjoy. This cottage offers a heat pump, electric baseboard heating, metal roofing installed in 2023, vinyl siding, a breaker panel, an electric hot water heater, a newer shower, and egress windows. Nice size deck included. Looking for more than one cottage? The Bayberry Cottage is located right beside the Lupin Cottage and is also available for purchase to be moved, offering a great opportunity to acquire two cottages! Please note: The Lupin Cottage is being sold to be moved. Relocation and all associated costs are the buyer?s responsibility. (id:66811)

Financial sandbox

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Estimate
Purchase price$50K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$231

Projected NOI

$3K

Annual cash flow

$16

Cash-on-cash

0.10%

DSCR

1.01

Going-in cap

5.57%

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

93,971

Households

41,670

Median income

$71,000

Median age

37.7

Daytime population

97,981

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 5864 ST PETERS Road, St. Peters Bay.

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.