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Foreclosure signalInvestment signal

$159,000

48 Point Aconi Road

Beds

3

Baths

1

Sqft

Year

1940

About this home

Nestled in the heart of Point Aconi, this property offers the opportunity to own waterfront property connecting to the beautiful Bras dOr Lake. The home features 3 bedrooms and a 4-piece bathroom, set on a lot that includes a barn and a dock. While the house, dock, and barn are in need of repair and updating, the potential here is undeniable. This property could be transformed into the perfect year-round home, summer retreat, or investment opportunity. Just a short drive from all amenities, this is your chance to create something special on the water in Cape Breton. Property is being Sold "As is, Where is". (id:65958)

Subtype
Single Family
Lot size
0.37 acres
MLS#
202605471
Area
POINT_ACONI
Positive cash flow ~$1,148/mo at these assumptions

Cash on cash

43.32%

Cap rate

14.55%

GRM

5.5

Break-even rent

$1,192

Financing

Down payment$31,800
Loan amount$127,200
Mortgage$780/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$73
Insurance$80
Maintenance$133
CapEx reserve$66
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $780/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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