For Sale · Land

420 20TH N Avenue Unit# 6, Creston

420 20TH N Avenue Unit# 6, Creston, BC V0B1G5

$49,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

97%

Lot Size

0.1 ac

About this property

Fully landscaped lot with patio, flowering trees and shrubs and perennial plantings plantings in desirable Meadow Woods community. Yardcare and general complex maintenance is covered by the strata for a low $100 per month fee. This centrally located age 55+ community is ideally situated close to all of Creston's amenities including recreation center, hospital, shopping and more. The seller has instructed that this property is only to be sold in conjunction with their home on Lot 7 next door (listed under MLS #10401406). This presents a wonderful opportunity to combine this lot with the beautiful home located next door for a unique one-of-a-kind lifestyle experience! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$49K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$226

Projected NOI

$2K

Annual cash flow

$-748

Cash-on-cash

-5.09%

DSCR

0.72

Going-in cap

4.01%

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

116,540

Households

45,411

Median income

$82,000

Median age

43.3

Daytime population

177,016

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 420 20TH N Avenue Unit# 6, Creston.

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.