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Investment signal

$400,000

7 Center Island Road

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Beds

Baths

4 full + 1 half

Sqft

—

Year

1980

Type

Multi-family

Suite

Investment signal

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Location nearby

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

About this home

Welcome to 7 Center Island Road, a breathtaking property situated on the serene and captivating Fogo Island. This stunning residence offers a unique blend of contemporary design, natural beauty, and tranquil surroundings, making it an ideal retreat for those seeking a peaceful escape. This is an amazing property on an oversized lot. This property is a must see! A spacious house with three bedrooms, a two bedroom basement apartment, a bed sitting room and a commercial space to rent out. This is an ideal investment property close to school, hospital, arena, and shopping. Located on Fogo Island, known for its rugged beauty and rich cultural heritage, this property allows you to immerse yourself in the unique charm of the island. Explore the dramatic landscapes, hike the picturesque trails, and engage with the local community, known for their warmth and welcoming spirit. It is located 5 kms from the beautiful Fogo Island Inn and 6 kms from one of the corners of the ""Flat Earth"". CBS - 60 Minutes called it a remote jewel of the coast of Canada! Whether you are seeking a peaceful retreat, a place to reconnect with nature, or a home that reflects the beauty of its surroundings, 7 Center Island Road on Fogo Island offers a truly exceptional living experience. Come and discover the magic of this extraordinary property, where tranquility and natural beauty converge. There is two other lots one is approximately 80 x 150 and is a crown grant and the other is 100 x 300 and it is level and used to park camper trailers in the off season. (id:65958)

Subtype: Multi-family
Structure: Other
Common interest: Freehold
Living area: 1,607 square feet
Lot dimensions: 1.5 Acres
On market: Apr 20, 2026
Status changed: Apr 22, 2026
Annual tax: $1,250
Zoning: Rural
Photos: 24
MLS#: 1296346
Area: FOGO_ISLAND

Features and systems

Appliances

WasherStoveDryer

Heating

Hot water radiator heatBaseboard heaters

Exterior

Wood shinglesVinyl siding

Flooring

LaminateOther

Foundation

Concrete

Positive cash flow ~$750/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

11.25%

Cap rate

7.12%

GRM

10.1

Break-even rent

$2,510

Financing

Down payment$80,000

Loan amount$320,000

Mortgage$1,621/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$183

Insurance$80

Maintenance$333

CapEx reserve$167

Vacancy loss$165

Estimates 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.

Mortgage estimate

Estimated $1,621/mo at 4.5% with 20% down, 30-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 22, 2026.