For Sale · Land

Lot Lighthouse Road, Bay View

Lot Lighthouse Road, Bay View, NS B0V1A0

$79,500 total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

86%

Lot Size

19.6 ac

About this property

Nearly 20 acres of prime real estate on the ever popular Lighthouse Road. 19.6 acres only 2 paved kms from the major centre of Digby presents a development opportunity for the persons wanting space and privacy, or for folks with larger goals in mind. Having utilities such as power, phone, internet, municipal sewer at the roadside along with a right of way to use Woodland Drive, join in on the continuing popularity and growth associated with the microclimate and community within Digby County. Boasting some of the best all season weather in Canada blended with the warmth and hospitality of this truly prosperous maritime environment, take advantage of this fairly priced property. A mixture of mostly mature hard and softwoods and a gentle slope will allow for a pleasant landscape to be introduced. (id:66811)

Financial sandbox

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Estimate
Purchase price$80K
Down payment30% · $24K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$367

Projected NOI

$4K

Annual cash flow

$-586

Cash-on-cash

-2.46%

DSCR

0.87

Going-in cap

4.80%

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

52,193

Households

19,084

Median income

$105,000

Median age

45.2

Daytime population

59,722

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for Lot Lighthouse Road, Bay View.

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.