For Sale · Specialty

162 Sawdust Road, Shediac Cape

162 Sawdust Road, Shediac Cape, NB E4P3K1

$589,900 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

83%

Lot Size

4.991521 ac

About this property

*ATTENTION MECHANICS* looking for a Place to call HOME & WORK OUT of? Without having to leave the Farm as they say! POTENTIAL for a YEARLY 20K-24K CASH GRAB on VEHICLE STORAGE in the Winter Months~ Starting with a 43ft. by 30'ft. HEATED/ATTACHED Garage with Ceramic Tile Flooring throughout. Then there's another 3 Out Buildings to work with. How's that HEATED 54' FT. x 28'6 WORKSHOP JUST STEPS from your Backdoor for the AUTO MECHANIC WORK-STARTING WITH A PROFESSIONAL VEHICLE HOIST with LARGER THAN LIFE DOOR that will allow MOST VEHICLES/TRUCKS in the Shop for repairs. Follow the staircase in the Shop as there's a 2-Level WALKUP-one for the COMPRESSOR & UP TOP, a storage area for any goodies you want out of the way. Attached to this is a 54' FT. X 24'6 add-on with another Garage Door presently used as a Wood Working Shop, or a potential expansion for the Mechanic Work~ What about separate OUT BUILDINGS for WINTER STORAGE that can accept CARS/TRUCKS/RV'S-MOTORHOMES/BOATS & anything that needs storage~ Out back looking at that 100' FT. X 40' Footer with 3-Large Front Doors & I'd like to mention there's an addition to the back of this with separate Man Door & 2 Garage Doors featuring a 95' ft. x 30'6 addition. Then you have the option of ANOTHER 30' x 37' HORSE BARN with a 12' x 37' add on to the side(offering up a Potential 5+ Stall Horse Barn & loft for hay or storage up top, if you like Horses, which he's never had) But one way or the other, you're gonna LOVE THIS, YET ANOTHER great spot the owner's used for Bikes & Small Vehicle storage since he's been there. Separate driveway gets you into the Barn/Mechanic Shop/Storage Building out back. I'd be remiss not to mention the idea of a HOBBY FARM.. combine Horses, any four legged animals of choice, chickens, plant a garden or whatever your Family Dream might be to have a Happy Wife, Happy Life and never have to leave Home. Groceries and stuff in Moncton's 20 Mins. Shediac 15 (id:66811)

Financial sandbox

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Estimate
Purchase price$590K
Down payment30% · $177K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$30K

Annual cash flow

$-3K

Cash-on-cash

-1.65%

DSCR

0.91

Going-in cap

5.05%

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

116,103

Households

48,049

Median income

$135,500

Median age

35.3

Daytime population

106,124

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 162 Sawdust Road, Shediac Cape.

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.