For Sale · Land

Lot 101 Kelly Point Drive, Prospect

Lot 101 Kelly Point Drive, Prospect, NS B3T2K3

$350,000 total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

98%

Lot Size

3.6392 ac

About this property

Welcome to Kelly Point Drive! This attractive double lot offers approximately 3.63 acres and an impressive 335 feet of water frontage, all set in a beautiful and highly desirable coastal location. Well sheltered from the open ocean, the property enjoys incredible views overlooking Prospect Village, The Barachois and Sheas Island, creating a truly picturesque setting to enjoy the surrounding landscape and ever-changing coastal scenery. The area is a natural playground for those who love the outdoors, with fantastic opportunities for kayaking, surfing and boating right at your doorstep, along with numerous nearby trails to explore. An existing driveway provides access to the property, while a cleared section offers a great starting point for enjoying the land. There is also an existing platform in place for swimming, making it easy to take advantage of the beautiful waterfront and enjoy those warm summer days. Power is available at the road, adding further convenience to this already appealing property. Whether you envision a peaceful retreat, a place to enjoy your favourite recreational activities, or simply a property where you can take in the views and embrace the beauty of the coast, this property offers plenty of possibilities. And while it feels like a world away from the everyday, Kelly Point Drive is just approximately 35 minutes from downtown Halifax and 45 minutes from Halifax Stanfield International Airport. With stunning views, abundant waterfront and recreation at your doorstep, this is a wonderful opportunity to create your own natural paradise. (id:66811)

Financial sandbox

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Estimate
Purchase price$350K
Down payment30% · $105K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$454

Cash-on-cash

0.43%

DSCR

1.02

Going-in cap

5.67%

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

86,738

Households

37,879

Median income

$93,500

Median age

42.6

Daytime population

123,654

5-yr growth

3.8%

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

Secure deal room

Confidential diligence documents for Lot 101 Kelly Point Drive, Prospect.

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.