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Land For Sale at Lot X2 Masons Point Road in Head Of St. Margarets Bay, Nova Scotia

4 Sale ID #71349
Updated 27 Apr 2024

Asking Price

$149,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Ready to build your dream house on 2.89 acres? This relatively level lot has perk tests completed. Rare find on Masons Point Road, nestled in the centre of Masons Point, which is surrounded by world class sailing waters. Imagine the ocean breezes, the sounds of the waves and the fresh scent of the ocean air making this the perfect destination for your dream home. This friendly community has scenic bike trails, cozy cafes, and the friendliest neighbours. The lot can be sub-divided to create 2 lots. Designs of the subdivided lots were started. The sketched uploaded has the driveway on the right. It needs to be moved to the left and resubmitted as on the right there would be a blind spot. Able Inc. has approved a sand filter septic. A well would need to be a dug well as drilled wells would bring in salt water from the ocean. The homes in the area mostly have dug wells and the operate effectively. Perks tests have been completed and documents are available. There is an easement through 341 Mason Point Road to access the lot. Downtown Halifax is only a 25 min drive, theatres and shopping in Bayers lake is also approximately 25 minute drive. Don?t delay, the gem of a property won?t last long! (id:39198)

  • MLS® : #202201733
  • Date Listed : 03 Feb 2022

Location

Province

Nova Scotia

City

Head Of St. Margarets Bay

Address

Lot X2 Masons Point Road

Postal Code

B3Z1Z1

Location Highlights

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Listed by

EXP Realty of Canada Inc. Nova Scotia listing

Category

land

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

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Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$149,900

Asking Price

$149,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

0

Other Information

Owner willing to Finance

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Absentee Owner

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Support and Training

Not Included

Growth and Expansion

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Market Competition

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