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$799,000 total
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Asset Class
Land
Size
—
Building class
B
Zoning
UR — Urban Reserve
$ / SF
—
Occupancy
100%
Lot Size
8 ac
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for 1249 Gaspereau River Road, Melanson.
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.