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2041 Route 960
homes for sale · Upper Cape
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$285,000

2041 Route 960

Upper Cape · MLS® NB142105

1

901 sq ft · 37 sq ft lot · House · Single Family · 129 days on market

listed by Jennifer Jones, Royal LePage Atlantic

realtor's description

Unfinished Custom Home on 91 acres & Lucrative Income Potential! Perfect for a visionary buyer to complete a dream home and invest in a property that offers lifestyle and income potential. Nestled in a private, serene setting just minutes from the Confederation Bridge to PEI, this unique unfinished new construction sits on approximately 91 acres and includes beach access across the road. -To be Sold As Is- No building permits- The home offers a spacious layout, a large open-concept living area with vaulted ceilings, a double attached garage, and numerous rooms awaiting your personal touch. The basement is roughed-in and ready to be transformed, providing even more living space. Through an existing agreement related to renewable energy infrastructure TransAlta: Turbine compensation could generate approximately $24,800/year per turbine (based on 6.2 MW generation). Currently provides an estimated annual revenue of $1,365, bringing your total to $26,165/year in supplementary income. Additional compensation includes $30/acre/year for other infrastructure and $2,730/year if a laneway is established. Compensation increases by 10% every 5 years for the duration of the agreement. Documents can be provided. This property is being built by the owner who has been building it over time and is ideal for a handy buyer, investor, or someone seeking privacy, and the rare opportunity to build equity through sweat and vision while benefiting from consistent passive income. Don't miss your chance to create something truly special in a beautiful setting with built-in long-term value.

property details

type
House, Single Family
bathrooms
1
living area
901 sq ft
lot
37 sq ft
parking
0
property tax
$2,006 / yr
days on market
129
MLS®
NB142105

features

  • Treed
  • Balcony/Deck/Patio

monthly cost

$1,409/mo
Mortgage $1,242 · Tax $167

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$1,242/ monthly
loan $228,000
25-year amortization
total interest
$144,515
cash to close
$57,000
down payment; transfer tax and fees not included
total paid
$372,515

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Upper CapeGoogle Maps ↗

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listed by
Jennifer Jones
Royal LePage Atlantic
call Jennifer · 506-229-7000
Powered by: REALTOR.ca

similar homes nearby

location

Upper CapeGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

95 Hicks Beach Road, Upper Cape
95 Hicks Beach Road, Upper Cape, photo 2
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95 Hicks Beach Road, Upper Cape, photo 4
95 Hicks Beach Road, Upper Cape, photo 5
95 Hicks Beach Road, Upper Cape, photo 6
95 Hicks Beach Road, Upper Cape, photo 7
95 Hicks Beach Road, Upper Cape, photo 8
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4methe deep dive
95 Hicks Beach Road
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listed by Royal LePage Atlantic
31701 sq ft
MLS® NB135830
1016 Route 960, Upper Cape
1016 Route 960, Upper Cape, photo 2
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Land
$224,900
4methe deep dive
1016 Route 960
Upper Cape211 days on market
listed by Royal LePage Atlantic
MLS® NB135986