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4646 Cape Bear Rd
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Beds
5
Baths
2
Sqft
2,600
Year
2016
Type
Single Family
On market
235d
Welcome to 4646 Cape Bear Rd, a stunning 5 bedroom, 2 bathroom waterview home nestled near the charming community of Murray River. This exceptional home is only 8 years young. With 5 bedrooms and 2 bathrooms, there's ample space for your family and guests to relax and unwind. The main floor on the left side of the home features your kitchen and dining area, bathroom and laundry room, and an attached workshop on the back of the home. On the right side of the main floor you'll find the living room, bedroom and a second bathroom. The second level of the home features 4 bedrooms, 2 of which have their own balcony to capture the views. Off the hallway in the middle of the home you'll find the fantastic second level waterview patio. There is also a charming one-of-a-kind lookout on the 3rd level which creates an ideal spot to sip your morning coffee while watching the sunrise over the water or stargazing at night. The property's 1.81 acres of land provide plenty of room for outdoor activities and gardening, while featuring a vineyard, apple trees, pond, and bonfire pit. The well-maintained yard is a canvas for your creativity. Whether you're looking for a year-round home, vacation rental property or a seasonal retreat, 4646 Cape Bear Rd has everything you need to enjoy the beauty and tranquility of Prince Edward Island. All measurements are approximate and must be verified by the purchaser if deemed necessary. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 11.4x19 | |
| Living room | 11.4x19 | |
| Bedroom | 11.2x12.7 | |
| Bath (# pieces 1-6) | 7.9x6.7 | |
| Bath (# pieces 1-6) | 4.9x6.7 | |
| Laundry room | 6.8x6.7 |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom | 19x13.7 | |
| Bedroom | 13.6x19 | |
| Bedroom | 11.4x9 | |
| Bedroom | 9x11.2 |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Other | 8.9x8.9 |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
6.25%
Cap rate
6.11%
GRM
11.3
Break-even rent
$2,807
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for High Bank. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.