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Investment signal

$35,000

384 Main Street

Beds

Baths

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Discover the perfect canvas for your dream coastal retreat on this stunning 2.471-acre parcel of vacant land, boasting unobstructed ocean views. Enjoy panoramic sunrises, ocean breezes, and the tranquil sounds of nature. Nestled in a serene and private setting, this rare offering presents endless possibilities—whether you envision a luxurious home, a vacation getaway, or a savvy investment opportunity. Whether you build now or hold for the future, this is your chance to own a slice of coastal paradise. Seize the opportunity to create something truly extraordinary. (id:65958)

Subtype
Vacant Land
Common interest
Freehold
Lot dimensions
169'x312' (2.471 acres)
On market
Apr 17, 2026
Status changed
Apr 17, 2026
Annual tax
$0
Zoning
Res
Photos
4
MLS#
1296187
Area
NORRIS_ARM_NORTH

Features and systems

View

Ocean view
Positive cash flow ~$1,968/mo at these assumptions

Cash on cash

337.45%

Cap rate

73.38%

GRM

1.2

Break-even rent

$328

Financing

Down payment$7,000
Loan amount$28,000
Mortgage$172/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$16
Insurance$80
Maintenance$29
CapEx reserve$15
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.

Lifestyle nearby

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

Mortgage estimate

Estimated $172/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.

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