For Sale · Specialty

10 Dennys Pond Road, New Harbour

10 Dennys Pond Road, New Harbour, Newfoundland & Labrador A0B2P0

$149,900 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

92%

Year Built

2015

About this property

Welcome to 10 Denny's Pond Road, New Harbour cottage area. A well kept cabin surrounded by trees on a level one acre lot and a large detached garage. Cozy living area with wood stove open to the kitchen and eating area, great for entertaining guests (all cabin appliances included). There are two nice size bedrooms, laundry room, side door entrance with closet and an updated bathroom Considerable upgrades in 2015 to the older cabin plus a large extension that doubled the size of the cabin which included a new septic system, shingles, bathroom and more. There is also access to Dennys Pond just across the road. This gorgeous cabin is located close to, hiking trails, fishing, boating and many more outside recreational activities. It is also only a few of minutes from the Dildo Brewery and other restaurants in the area. Not to mention you be only about 30 minutes from scenic Conception Bay and the Towns of Brigus, Bay Roberts, Carbonear, Harbour Grace, Salmon Cove Sands, etc. Located just 1 hour from St. John's. (id:66811)

Financial sandbox

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Estimate
Purchase price$150K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$692

Projected NOI

$9K

Annual cash flow

$1K

Cash-on-cash

2.56%

DSCR

1.14

Going-in cap

6.31%

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

114,733

Households

49,820

Median income

$102,000

Median age

33.3

Daytime population

134,060

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 10 Dennys Pond Road, New Harbour.

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.