For Sale · Land

Lot 25-4 MacPhail Cove Road, Fairview

Lot 25-4 MacPhail Cove Road, Fairview, PE C0A1H2

$94,900 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

94%

Lot Size

1.82 ac

About this property

Imagine waking up each morning to beautiful views of the West River, surrounded by the peaceful countryside and natural beauty that make Prince Edward Island such a special place to call home. Welcome to Lot 25-4 MacPhail Cove Road, Fairview a beautiful 1.82 acre waterview building lot offering the opportunity to create the Island home you've always imagined. Whether you are dreaming of a year-round residence, a peaceful retirement home, or simply a place where life can move at a little slower pace, this property offers a wonderful setting to make that dream a reality. Design your home to take advantage of the West River views, create an outdoor space for summer evenings with family and friends, and enjoy the changing colours and scenery throughout the seasons. Here, you are not simply buying land ? you are choosing the setting for the next chapter of your life. For the golfer, Countryview Golf Club is less than a five-minute drive away, making it easy to enjoy a round whenever the mood strikes. And with the West River nearby, this is a location that embraces the outdoor Island lifestyle. The lot has been surveyed,pinned and a test pit/soil assessment has already been completed, helping provide 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 25-4 MacPhail Cove Road, take in the views and imagine what life could look like here. Your piece of Prince Edward Island may be closer than you think. (id:66811)

Financial sandbox

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Estimate
Purchase price$95K
Down payment30% · $28K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$438

Projected NOI

$5K

Annual cash flow

$-719

Cash-on-cash

-2.52%

DSCR

0.86

Going-in cap

4.78%

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

135,745

Households

58,397

Median income

$133,000

Median age

37

Daytime population

192,896

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for Lot 25-4 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.