Lot 2023-2 CAPE BEAR Road

Murray River · MLS® 202616250

5 sq ft lot · Land · Vacant Land · 114 days on market

listed by Harrison Olajos, EAST COAST REALTY

realtor's description

Imagine building your dream home or cottage on a beautiful 4.5-acre lot overlooking the Northumberland Strait. A short five-minute walk down MacFarlane Road brings you to a beautiful, quiet white-sand beach, perfect for swimming or strolling the shoreline. The property is a short drive to Murray River, 30 minutes to Montague, and 50 minutes to Charlottetown. It was previously farmed for hay.

property details

type: Land, Vacant Land
lot: 5 sq ft
parking: 0
property tax: $105 / yr
days on market: 114
MLS®: 202616250

features

Level lot
Sloping

monthly cost

$292/mo

Mortgage $283 · Tax $9

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

estimated payment

$283/ monthly

loan $52,000

25-year amortization

down payment20% · $13,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $32,960
cash to close: $13,000; down payment; transfer tax and fees not included
total paid: $84,960

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