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Investment signal

$30,000

Lot Cox Point Road

Beds

Baths

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Sqft

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Year

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Location

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About this home

Sun seeker?? Love boating? This property is your ideal spot on Grand Lake! Claim it as your own private refuge and boat in for picnics, swimming, or full-on camping weekends. You'll enjoy gorgeous views of Grand Lake from your own private waterfront. Not only that, but this property presents an investment opportunity. Surrounded by a larger parcel, leverage your position to get a return on your investment when the surrounding property goes to market; sell to reunite the properties OR be the first in line when opportunity knocks to acquire the whole area. Make this your get-away location! NOTE: This property is accessible only by water. (id:65958)

Subtype: Vacant Land
Common interest: Freehold
Lot size: 3,000 square meters
Lot dimensions: 3000
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $649.59
Photos: 26
MLS#: NB137390
Area: CUMBERLAND_BAY

Features and systems

Lot

TreedBeach

View

Lake view

Waterfront

Positive cash flow ~$1,052/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

210.30%

Cap rate

47.95%

GRM

1.8

Break-even rent

$293

Financing

Down payment$6,000

Loan amount$24,000

Mortgage$147/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$14

Insurance$80

Maintenance$25

CapEx reserve$13

Vacancy loss$70

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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Cumberland Bay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $147/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 17, 2026.