For Sale · Land

1629 Putter Lane, Castlegar

1629 Putter Lane, Castlegar, BC V1N4W7

$298,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

98%

Lot Size

0.41 ac

About this property

Discover this exceptional opportunity to build your dream home on this 0.41-acre, serviced lot in one of rural Castlegar’s most prestigious neighbourhoods. Surrounded by beautiful custom homes and just steps from the Castlegar Golf Club, this private cul-de-sac property offers an expansive building envelope with gently sloping topography, ideal for a variety of home styles/plans with space for lanscaping, gardening and outdoor recreation. Enjoy excellent sun exposure, paved road access, privacy and panoramic views of the surrounding mountains from this spectacular setting amidst an abundance of natural recreational opportunities while being just a short drive to the services and amenities of the City of Castlegar. This established community offers an enviable balance of lifestyle and convenience appealilng to Buyers seeking an opportunity for custom development of their desired living situation amidst natural serenity. Imagine stepping out your door for a round of golf at one of BC’s premier courses, enjoying dinner and social culture at the course clubhouse then strolling home as the sun sets over the mountains to enjoy the privacy of your home and the peaceful sounds of nature. What a rare opportunity to create your own retreat in a dream BC location and experience Kootenay Living at its finest! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$298K
Down payment30% · $89K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$12K

Annual cash flow

$-5K

Cash-on-cash

-5.42%

DSCR

0.71

Going-in cap

3.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

122,861

Households

50,007

Median income

$113,000

Median age

34.1

Daytime population

109,300

5-yr growth

5.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1629 Putter Lane, Castlegar.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.