33 Nelson Street, Victoria Cottages, Victoria

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Business For Sale · Specialty

33 Nelson Street, Victoria Cottages, Victoria

33 Nelson Street, Victoria Cottages, Victoria, PE C0A1J0

$950,000 total

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Asset Class

Specialty

Size

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Building class

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

94%

Lot Size

1.3 ac

About this property

Welcome to a wonderful commercial opportunity in Victoria by the Sea! Featuring six fully renovated seasonal cottages that provide a steady income stream, turnkey and completely restored and fully furnished. This well established cottage business is just steps from artisan shops, fine dining, gorgeous sandy beaches, and only 30 minutes to Charlottetown and 20 minutes to Summerside, this is one of PEI's most versatile and prestigious investment opportunities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$950K

Down payment30% · $285K

Interest rate6.25%

Amortization25 years

Occupancy94%

Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$67K

Annual cash flow

$14K

Cash-on-cash

4.87%

DSCR

1.26

Going-in cap

7.00%

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

134,429

Households

59,190

Median income

$93,000

Median age

41.4

Daytime population

190,456

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 33 Nelson Street, Victoria Cottages, Victoria.

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.