For Sale · Specialty

5853 & 5839 Highway, 3, East Jordan

5853 & 5839 Highway, 3, East Jordan, NS B0T1J0

$549,900 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

100%

Year Built

2016

Lot Size

1.9232 ac

About this property

Offering incredible ocean views, stunning southwest sunsets, and an exciting income opportunity, this beautifully maintained 10-year-old property has so much to offer! The main home features three bedrooms and two bathrooms, with comfortable one-level living, soaring cathedral ceilings, real hardwood floors, and impressive 12-foot glass patio doors that frame the breathtaking water views. The open-concept kitchen, dining, and living area, along with a spacious entryway, creates a welcoming space for everyday living and entertaining. Efficient all-electric heating includes a ductless heat pump, baseboard heaters, and in-floor heating in both bathrooms. Outside, the expansive 48-foot deck is the perfect place to relax and take in the peaceful ocean views and unforgettable sunsets. Adding even more value to this property is a separate 20 x 20 tiny home, currently operating as a successful Airbnb, offering an established income-generating opportunity or additional space for guests. With the additional parcels, the property boasts an impressive 350 feet of water frontage. A detached one-car garage with lean-to and overhang provides plenty of room for storage, a workshop, or recreational equipment. Located directly in front of the rail-to-trail system, outdoor enthusiasts will appreciate having easy access to four-wheeling, walking, and hiking right from their doorstep. Whether you're looking for a beautiful waterfront home, an opportunity to generate additional income, or a property that offers a little of both, this one is worth a closer look! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$550K
Down payment30% · $165K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$44K

Annual cash flow

$13K

Cash-on-cash

8.17%

DSCR

1.44

Going-in cap

7.99%

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

134,526

Households

52,363

Median income

$135,000

Median age

39.8

Daytime population

206,948

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 5853 & 5839 Highway, 3, East Jordan.

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.