For Sale · Land

1249 Gaspereau River Road, Melanson

1249 Gaspereau River Road, Melanson, NS B4P0K6

$799,000 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

100%

Lot Size

8 ac

About this property

Farmland, river frontage, and a barn worth building a life around. This classic farmhouse sits along the Gaspereau River with approximately 1,100 feet of frontage and 8 acres of land. Properties like this rarely come to market in one of the Valley's most beautiful river valleys. Inside, the home has the space and character you'd hope for: a formal parlour, separate dining and living rooms, beautiful floors, and huge bedrooms upstairs. The stone foundation is well maintained and dry, with a 31' x 22' cellar that's ideal for storage. Then there's the barn. At 60' x 40' on a poured concrete foundation, with a roof peaking around 30 feet and lofts over part of the floor, it's a serious, functional space. It's ready for livestock, equipment, hay, a workshop, or your next venture. The major updates are already done: roof (2020), 200 amp electrical (2020), and a water treatment system only two years old on the artesian well. Whether you're dreaming of a working farm, a hobby farm, or a quiet life on the river, this is a rare chance to own a true Gaspereau Valley farm. Book your showing today. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$35K

Annual cash flow

$-10K

Cash-on-cash

-4.04%

DSCR

0.78

Going-in cap

4.33%

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

60,942

Households

26,022

Median income

$104,000

Median age

33.5

Daytime population

101,065

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 1249 Gaspereau River Road, Melanson.

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.